Non-compete fees paid to Ex-Managing Director - If the advantage ...

Non-compete fees paid to ex-director are business expenses if benefit is short-term and lacks lasting impact.

November 23, 2014

Case Laws Income Tax AT

Non-compete fees paid to Ex-Managing Director - If the advantage is not for longer period and not enduring in nature, then such a payment of noncompete fee is nothing but business expenditure which is on revenue account - AT

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Non-compete fees paid to Ex-Managing Director - If the advantage ...

Non-compete fees paid to ex-director are business expenses if benefit is short-term and lacks lasting impact.

November 23, 2014

Case Laws Income Tax AT

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