https://www.taxtmi.com/caselaws?id=367807 The Tribunal upheld the CIT(A)'s decision that non-compete fees paid by the assessee to its holding company were revenue expenditure, following a previous ruling for A.Y. 2012-13. The Tribunal found the payment facilitated business operations efficiently, justified by the temporary nature of the non-compete agreement and its direct relation to revenue generation. The Tribunal dismissed Revenue's appeals for Assessment Years 2011-12, 2013-14, and 2014-15, affirming the treatment of non-compete fees as revenue expenditure under section 37(1) of the Income Tax Act. en-us Tue, 11 Sep 2018 00:00:00 +0530 Wed, 26 Sep 2018 08:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367807 The Tribunal upheld the CIT(A)'s decision that non-compete fees paid by the assessee to its holding company were revenue expenditure, following a previous ruling for A.Y. 2012-13. The Tribunal found the payment facilitated business operations efficiently, justified by the temporary nature of the non-compete agreement and its direct relation to revenue generation. The Tribunal dismissed Revenue's appeals for Assessment Years 2011-12, 2013-14, and 2014-15, affirming the treatment of non-compete fees as revenue expenditure under section 37(1) of the Income Tax Act. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367807