https://www.taxtmi.com/caselaws?id=215431 The Tribunal dismissed the Revenue's appeal challenging depreciation on a non-compete fee, exclusion of sales tax from total turnover for Section 80HHC deduction, and addition of provision for doubtful debts to book profits under Section 115JB. The Tribunal partly allowed the assessee's appeal by permitting depreciation on the non-compete fee and remanding the disallowance of expenses paid to consultants and lawyers for further consideration. The Tribunal rejected the assessee's claims for deducting non-compete fees as revenue expenditure and computing Section 80HHC deduction without setting off unabsorbed depreciation. en-us Fri, 23 Mar 2012 00:00:00 +0530 Mon, 27 May 2013 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215431 The Tribunal dismissed the Revenue's appeal challenging depreciation on a non-compete fee, exclusion of sales tax from total turnover for Section 80HHC deduction, and addition of provision for doubtful debts to book profits under Section 115JB. The Tribunal partly allowed the assessee's appeal by permitting depreciation on the non-compete fee and remanding the disallowance of expenses paid to consultants and lawyers for further consideration. The Tribunal rejected the assessee's claims for deducting non-compete fees as revenue expenditure and computing Section 80HHC deduction without setting off unabsorbed depreciation. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215431