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2021 (5) TMI 549 - AT - Income TaxNature of expenditure - non compete fee paid - Revenue or capital expenditure - HELD THAT:- Assessee entering into strategic alliance was able to control the marketing activities in a manner clearly beneficial to the assessee and hence, according to us the expenses incurred are in the nature of Revenue. We allow the claim of the assessee and this appeal of the assessee is allowed.
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