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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Depreciation on the non-compete rights - the commercial right ...


Non-compete rights are classified as intangible assets, eligible for depreciation under income tax rules and case law interpretations.

August 21, 2015

Case Laws     Income Tax     AT

Depreciation on the non-compete rights - the commercial right thus acquired by the assessee unambiguously falls in the category of an 'intangible asset' - AT

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