Disallowing the non-compete fees paid by the assessee to its ...

Court Disallows Non-Compete Fees as Capital Expenditure; Appellant Argues for Revenue Classification for Business Efficiency.

September 26, 2018

Case Laws Income Tax AT

Disallowing the non-compete fees paid by the assessee to its holding company by holding it to be ‘capital expenditure’ - the payment made by the appellant is revenue expenditure as without the said payment the appellant could not have carried on its business more efficiently and profitably.

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Disallowing the non-compete fees paid by the assessee to its ...

Court Disallows Non-Compete Fees as Capital Expenditure; Appellant Argues for Revenue Classification for Business Efficiency.

September 26, 2018

Case Laws Income Tax AT

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