https://www.taxtmi.com/caselaws?id=219275 The court dismissed the appeal filed by the assessee regarding the disallowance of Non-Compete Compensation as a business expenditure. The court held that the expenditure was capital in nature and could not be considered as revenue expenditure or allowed on a deferred basis. The decision was based on precedents and case law, including the judgment in Tecumseh India (P) Ltd. v. Addl. CIT. The court also referenced other cases such as Pitney Bowes India (P) Ltd v. CIT and Punjab Alkalies & Chemicals Ltd. v. CIT, which supported treating non-compete fees as capital expenditure. en-us Wed, 26 Sep 2012 00:00:00 +0530 Wed, 22 Jul 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219275 The court dismissed the appeal filed by the assessee regarding the disallowance of Non-Compete Compensation as a business expenditure. The court held that the expenditure was capital in nature and could not be considered as revenue expenditure or allowed on a deferred basis. The decision was based on precedents and case law, including the judgment in Tecumseh India (P) Ltd. v. Addl. CIT. The court also referenced other cases such as Pitney Bowes India (P) Ltd v. CIT and Punjab Alkalies & Chemicals Ltd. v. CIT, which supported treating non-compete fees as capital expenditure. Case-Laws Income Tax Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219275