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Star India (P.) Ltd. v. ACIT (2020) 185 ITD 559/81 ITR 8 (SN) (Mum.)(Trib.)

S. 32 : Depreciation-Intangible Asset-Brand licence fee-Depreciation is held to be allowable.

Tribunal held that brand licence fee being intangible asset is entitle for depreciation.  (AY.2013-14)