{"id":29732,"date":"2022-09-11T17:51:03","date_gmt":"2022-09-11T12:21:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sagar-ratna-restaurants-pvt-ltd-v-acit-2022-bcaj-july-p-79-delhi-trib\/"},"modified":"2023-03-04T16:06:48","modified_gmt":"2023-03-04T10:36:48","slug":"sagar-ratna-restaurants-pvt-ltd-v-acit-2022-bcaj-july-p-79-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sagar-ratna-restaurants-pvt-ltd-v-acit-2022-bcaj-july-p-79-delhi-trib\/","title":{"rendered":"Sagar Ratna Restaurants Pvt Ltd v . ACIT ( 2022) 195 ITD 88   \/    BCAJ \u2013 July -P. 79 ( Delhi)( Trib)"},"content":{"rendered":"<p>Held that non -compete fee is not an intangible asset as\u00a0 per section 32 (1)(ii) and Explanation thereto\u00a0 hence not entitle to depreciation . Followed\u00a0 Sharp Business Systems v. CIT ( 2012) 211 Taxman 567 \/ 254 CTR 233 ( Delhi)(HC)\u00a0 . ( TS-325 -ITAT -2022( Delhi) ( AY. 2014 -15 ) (Dt. 31 -3 -2022)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation -Non- compete fee \u2013 Intangible assets &#8211; Right in personam  and not right in rem &#8211;  Not entitle to depreciation [ S. 32(1)(ii) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29732","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Jy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29732"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29732\/revisions"}],"predecessor-version":[{"id":33136,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29732\/revisions\/33136"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}