https://www.taxtmi.com/caselaws?id=393272 The Tribunal upheld the CIT(A)'s decision to treat non-compete fees as deferred revenue expenditure, allowing depreciation under Section 32(1)(ii). The issue of foreign exchange gain and applicability of Section 43A was remitted back to the CIT(A) for further consideration. The Tribunal deleted the transfer pricing adjustments made by the TPO, directing that Central Service Charges be accepted as at arm's length based on proper documentation and previous Tribunal decisions. en-us Mon, 06 Jan 2020 00:00:00 +0530 Wed, 11 Mar 2020 09:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393272 The Tribunal upheld the CIT(A)'s decision to treat non-compete fees as deferred revenue expenditure, allowing depreciation under Section 32(1)(ii). The issue of foreign exchange gain and applicability of Section 43A was remitted back to the CIT(A) for further consideration. The Tribunal deleted the transfer pricing adjustments made by the TPO, directing that Central Service Charges be accepted as at arm's length based on proper documentation and previous Tribunal decisions. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393272