https://www.taxtmi.com/caselaws?id=397912 The Tribunal allowed the deduction of interest paid to Syndicate Bank as revenue expenditure, upheld the treatment of non-compete fees as capital expenditure, classified interest income as business income, upheld the disallowance of reimbursement from Crabtree India Ltd., partially allowed the disallowance under section 40(a)(i) for payments without TDS, and allowed an enhanced deduction under section 80IC without filing a revised return. The decision emphasized proper classification of expenses and income, procedural adherence, and interpretation of tax provisions and treaties. en-us Tue, 25 Aug 2020 00:00:00 +0530 Mon, 31 Aug 2020 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397912 The Tribunal allowed the deduction of interest paid to Syndicate Bank as revenue expenditure, upheld the treatment of non-compete fees as capital expenditure, classified interest income as business income, upheld the disallowance of reimbursement from Crabtree India Ltd., partially allowed the disallowance under section 40(a)(i) for payments without TDS, and allowed an enhanced deduction under section 80IC without filing a revised return. The decision emphasized proper classification of expenses and income, procedural adherence, and interpretation of tax provisions and treaties. Case-Laws Income Tax Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397912