https://www.taxtmi.com/caselaws?id=391406 The Tribunal allowed the deduction of Rs. 2 Crores for non-compete fees, considering it as revenue expenditure rather than capital. The Tribunal also directed the inclusion of miscellaneous receipts as business income and dismissed the taxability of interest and rent income. An additional ground concerning software expenditure was deemed infructuous. The appeals for AY 1999-2000 and AY 2000-2001 were partly allowed based on these findings. en-us Thu, 02 Jan 2020 00:00:00 +0530 Tue, 28 Jan 2020 09:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391406 The Tribunal allowed the deduction of Rs. 2 Crores for non-compete fees, considering it as revenue expenditure rather than capital. The Tribunal also directed the inclusion of miscellaneous receipts as business income and dismissed the taxability of interest and rent income. An additional ground concerning software expenditure was deemed infructuous. The appeals for AY 1999-2000 and AY 2000-2001 were partly allowed based on these findings. Case-Laws Income Tax Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391406