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Non compete fee is not an eligible intangible asset for depreciation U/s. 32

Non compete fee is not an Eligible Intangible Asset as the words similar business or commercial rights have to necessary result in an intangible asset against the entire word which can be asserted as such to qualify for depreciation u/s 32(1)(ii) of the Act which non compete fees lacks



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Non compete fee is not an eligible intangible asset for depreciation U/s. 32

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