https://www.taxtmi.com/caselaws?id=378792 The High Court determined that non-compete fees paid by the assessee should be treated as revenue expenditure rather than capital expenditure. The Court emphasized the immediate impact on the business and lack of enduring benefit, citing previous rulings and specific circumstances to support its decision. The payment was deemed to provide instant benefits in avoiding competition, leading to the dismissal of the Income Tax Appeal. en-us Mon, 28 Jan 2019 00:00:00 +0530 Mon, 22 Apr 2019 09:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378792 The High Court determined that non-compete fees paid by the assessee should be treated as revenue expenditure rather than capital expenditure. The Court emphasized the immediate impact on the business and lack of enduring benefit, citing previous rulings and specific circumstances to support its decision. The payment was deemed to provide instant benefits in avoiding competition, leading to the dismissal of the Income Tax Appeal. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378792