https://www.taxtmi.com/caselaws?id=151827 The Commissioner of Income-tax (Appeals) confirmed the deletion of addition on account of unutilized Modvat credit and exclusion of excise duty from total turnover for deduction under section 80HHC, following relevant case law. However, the Tribunal held that "non-compete" fees were capital expenditure, contrary to the Commissioner's decision, and directed disallowance. The Tribunal also upheld the deletion of disallowance of legal expenses, aligning with Supreme Court precedent. The appeals were partly allowed, with the Tribunal ruling in favor of the department on the issue of "non-compete" fees being capital expenditure. en-us Mon, 17 Oct 2005 00:00:00 +0530 Tue, 27 Sep 2016 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151827 The Commissioner of Income-tax (Appeals) confirmed the deletion of addition on account of unutilized Modvat credit and exclusion of excise duty from total turnover for deduction under section 80HHC, following relevant case law. However, the Tribunal held that "non-compete" fees were capital expenditure, contrary to the Commissioner's decision, and directed disallowance. The Tribunal also upheld the deletion of disallowance of legal expenses, aligning with Supreme Court precedent. The appeals were partly allowed, with the Tribunal ruling in favor of the department on the issue of "non-compete" fees being capital expenditure. Case-Laws Income Tax Mon, 17 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151827