https://www.taxtmi.com/caselaws?id=364255 The court upheld the Tribunal's decision to treat non-compete fees as revenue expenditure, dismissing the appeal. The court did not entertain the appeals on the disallowance of foreign exchange loss and depreciation on VSAT due to lack of substantial legal questions. Vanda Loss was deemed integral to the respondent's business activities, not speculative. The court did not address the issue of depreciation on non-compete fees as it was linked to the treatment of non-compete fees as revenue expenditure, which was admitted for further proceedings. en-us Mon, 16 Jul 2018 00:00:00 +0530 Wed, 25 Jul 2018 07:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364255 The court upheld the Tribunal's decision to treat non-compete fees as revenue expenditure, dismissing the appeal. The court did not entertain the appeals on the disallowance of foreign exchange loss and depreciation on VSAT due to lack of substantial legal questions. Vanda Loss was deemed integral to the respondent's business activities, not speculative. The court did not address the issue of depreciation on non-compete fees as it was linked to the treatment of non-compete fees as revenue expenditure, which was admitted for further proceedings. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364255