non-compete fee was a
"Sham" transaction and also held that, even the non-
compete-fee transaction is genuine, the depreciation
claimed ... paid a
sum of Rs.670 crores as non-compete fee. The said non-
compete fee has been assigned to three different companies
under
non-compete fee was a
"Sham" transaction and also held that, even the non-
compete-fee transaction is genuine, the depreciation
claimed ... paid a
sum of Rs.670 crores as non-compete fee. The said non-
compete fee has been assigned to three different companies
under
non-compete fee was a
"Sham" transaction and also held that, even the non-
compete-fee transaction is genuine, the depreciation
claimed ... paid a
sum of Rs.670 crores as non-compete fee. The said non-
compete fee has been assigned to three different companies
under
non-compete fee was a
"Sham" transaction and also held that, even the non-
compete-fee transaction is genuine, the depreciation
claimed ... paid a
sum of Rs.670 crores as non-compete fee. The said non-
compete fee has been assigned to three different companies
under
that the appellant has paid non-compete fees to
AGS Hotels & Resorts Private Limited by executing non-
compete agreement dated 22.08.2008 for a consideration ... towards Excess claim of depreciation on Electrical Fitting by 5% and
Depreciation @25% on non-compete fee, respectively. Aggrieved by the
order
justification & valuation of Non-Compete Fees,
valuation of non-compete fees could not be ascertained. Further non compete
fees ... that both the issues
in dispute of depreciation on goodwill as well as depreciation on non-compete
fee are covered by the order
well as on non-compete fee. It may be
mentioned that assessee had paid Rs. 180 crores as non-
compete fee during acquisition of software ... order dated 30.11.2006 held that non-
compete fee is nothing but a license. Non-compete fee paid to
M/s. Pentamedia Graphics Limited restrained
depreciation on
non-compete fee or not, ultimately held that non-compete fee
cannot be treated as intangible assets qualified for depreciation.
The Assessee ... amount of "non-
compete fee" by observing and holding as under: -
8. Whether non-compete fee is eligible for depreciation?
Section
view that claim of depreciation on non-
compete fees is not justified because the payment of non-compete fees did not merely facilitate
conduct ... appellant as non-compete fee.
The question which is now to be decided is that whether this non-compete fee is a capital asset
towards disallowance of depreciation on non-compete fees
without appreciating the fact that non-compete fee paid by the assessee in terms ... disallowed depreciation
claimed on non-compete fee on the ground that non-compete fee paid by the assessee
neither gives rise to any kind
