https://www.taxtmi.com/caselaws?id=118730 The Tribunal confirmed that the payment of Rs. 84 lakhs made by the assessee to the four directors of Login Systems Innovations Pvt. Ltd. was revenue expenditure. The payment was considered to prevent competition and did not result in the acquisition of any enduring asset. The appeal by the Department was dismissed. en-us Thu, 20 Oct 2005 00:00:00 +0530 Thu, 05 Jul 2012 13:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118730 The Tribunal confirmed that the payment of Rs. 84 lakhs made by the assessee to the four directors of Login Systems Innovations Pvt. Ltd. was revenue expenditure. The payment was considered to prevent competition and did not result in the acquisition of any enduring asset. The appeal by the Department was dismissed. Case-Laws Income Tax Thu, 20 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118730