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of <h1>Payment to Ex-Employee Not Deductible as Capital Expenditure: ITAT Decision</h1> The ITAT Hyderabad held that the payment made by the assessee-company to an ex-employee was capital expenditure and not deductible as claimed. The appeal ... Business Expenditure The assessee-company paid Rs. 15,000 to an ex-employee as per a court decree, claiming it as a deduction. The ITAT Hyderabad held that the payment was capital expenditure, not deductible as it was part of the consideration for taking over a business. The appeal was dismissed. (Case Citation: 1987 (4) TMI 121 - ITAT HYDERABAD)
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