{"id":33798,"date":"2023-04-18T11:04:22","date_gmt":"2023-04-18T05:34:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sagar-ratna-restaurants-p-ltd-v-acit-2022-195-itd-88-delhitrib\/"},"modified":"2023-04-18T11:04:22","modified_gmt":"2023-04-18T05:34:22","slug":"sagar-ratna-restaurants-p-ltd-v-acit-2022-195-itd-88-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sagar-ratna-restaurants-p-ltd-v-acit-2022-195-itd-88-delhitrib\/","title":{"rendered":"Sagar Ratna Restaurants (P.) Ltd. v. ACIT (2022) 195 ITD 88 (Delhi)(Trib.)"},"content":{"rendered":"<p>Assessee claimed depreciation on non-compete fees. The Assessing Officer disallowed the claim on the ground that non-compete fees were not in nature of the intangible asset as per section 32(1)(ii)\u00a0 of the Act. On appeal, disallowance was affirmed. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Non-compete fee-Intangible asset-Depreciation not allowable-Capital expenditure. [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-33798","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8N8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33798","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=33798"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33798\/revisions"}],"predecessor-version":[{"id":33799,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33798\/revisions\/33799"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=33798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=33798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}