https://www.taxtmi.com/caselaws?id=351862 The court affirmed the ITAT's decision that a payment of Rs. 70 lakhs for non-compete obligations constituted capital expenditure, providing enduring benefits in the acquisition process. The interest income on margin money deposits was also held not to be derived from an industrial undertaking. The appeal was dismissed without costs. en-us Mon, 27 Nov 2017 00:00:00 +0530 Sat, 02 Dec 2017 10:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351862 The court affirmed the ITAT's decision that a payment of Rs. 70 lakhs for non-compete obligations constituted capital expenditure, providing enduring benefits in the acquisition process. The interest income on margin money deposits was also held not to be derived from an industrial undertaking. The appeal was dismissed without costs. Case-Laws Income Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351862