ITAT Delhi: Depreciation is not admissible on non-compete charges

[ad_1] Court facts and issues This is an appeal made by the assessee against the order dated 23.07.2018 of learned Commissioner of Income Tax (Appeals)-8, New Delhi for the assessment year 2014-15. When the appeal was called for hearing, there was no one present on behalf of the assessee to represent the case. Keeping in view the nature of the dispute and the fact that the matter is covered by the judgment of the Hon’ble High Court, we proceed to dispose of the appeal ex-parte after hearing the learned Departmental…