https://www.taxtmi.com/caselaws?id=237168 The Tribunal partly allowed both appeals. It confirmed the non-compete fees as capital expenditure but allowed depreciation on it. The SEBI fees were fully allowed as revenue expenditure. The addition for service tax was deleted, and the disallowance of depreciation on the payment under the transfer of business agreement was upheld. The order was pronounced on August 31, 2012. en-us Fri, 31 Aug 2012 00:00:00 +0530 Fri, 19 Aug 2016 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237168 The Tribunal partly allowed both appeals. It confirmed the non-compete fees as capital expenditure but allowed depreciation on it. The SEBI fees were fully allowed as revenue expenditure. The addition for service tax was deleted, and the disallowance of depreciation on the payment under the transfer of business agreement was upheld. The order was pronounced on August 31, 2012. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237168