https://www.taxtmi.com/caselaws?id=205282 A non-compete fee paid as part of acquiring a business undertaking was treated as capital expenditure because it formed an integral condition of the acquisition and secured an enduring advantage in the capital field. Fees paid to the Registrar of Companies for increasing authorised share capital were also held capital in nature, as they were incurred for augmentation of the company's capital base. The architect's professional fee was not allowed as revenue deduction, and depreciation was also denied, because the assessee failed to prove the exact nature of the services and the basis for depreciation. The overall result was that all three outlays were treated as capital in nature. en-us Fri, 30 Jul 2010 00:00:00 +0530 Fri, 30 Jan 2026 11:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205282 A non-compete fee paid as part of acquiring a business undertaking was treated as capital expenditure because it formed an integral condition of the acquisition and secured an enduring advantage in the capital field. Fees paid to the Registrar of Companies for increasing authorised share capital were also held capital in nature, as they were incurred for augmentation of the company's capital base. The architect's professional fee was not allowed as revenue deduction, and depreciation was also denied, because the assessee failed to prove the exact nature of the services and the basis for depreciation. The overall result was that all three outlays were treated as capital in nature. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205282