Nature of expenditure - payment for non compete fee - the tenor ...

Non-compete fee over 18 months deemed revenue expenditure due to lack of enduring benefit, not capital expenditure.

July 24, 2019

Case Laws Income Tax HC

Nature of expenditure - payment for non compete fee - the tenor of the agreement was only 18 months and it could not be stated that the assessee derived any enduring benefit due to the payment for obtaining certain commitments from payee and restricting himself from indulging in any competition or from weaning way the employees - revenue expenditure

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Nature of expenditure - payment for non compete fee - the tenor ...

Non-compete fee over 18 months deemed revenue expenditure due to lack of enduring benefit, not capital expenditure.

July 24, 2019

Case Laws Income Tax HC

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