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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Non-compete fee - Revenue v/s Capital - an agreement not to ...


Non-Compete Fee Not Eligible for Depreciation Under Income Tax Act Section 32(1)(ii); Classified as Personal, Not Business Expense.

November 9, 2012

Case Laws     Income Tax     HC

Non-compete fee - Revenue v/s Capital - an agreement not to compete which is purely personal. - not eligible for depreciation u/s 32(1)(ii) - HC

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