Dismissing the appeal of the revenue the Court held that ; Trade mark purchased by assessee used by the assessee for advertising for sale promotion of assesse’s products which is entitle to depreciation. Depreciation cannot be disallowed on the ground that the assessee is not engaged in manufacturing activity. (AY. 2010-11)
CIT v. Sinochem India Co. (P.) Ltd. (2018) 258 Taxman 30/170 DTR 21 / 304 CTR 822 (Delhi)(HC)
S. 32 : Depreciation – Trade mark-Trademark was advertised for sale promotions of assessee’s products – Entitle depreciation .