https://www.taxtmi.com/caselaws?id=402893 The High Court upheld the ITAT's decision regarding the taxability of noncompete fees as capital, dismissing the Revenue's appeal. It also agreed with the ITAT's deletion of the disallowance of sales promotion expenses due to lack of justification. However, the Court denied the deduction under section 80 HHC for miscellaneous income, as the assessee failed to prove its export origin. en-us Tue, 05 Jan 2021 00:00:00 +0530 Thu, 14 Jan 2021 11:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402893 The High Court upheld the ITAT's decision regarding the taxability of noncompete fees as capital, dismissing the Revenue's appeal. It also agreed with the ITAT's deletion of the disallowance of sales promotion expenses due to lack of justification. However, the Court denied the deduction under section 80 HHC for miscellaneous income, as the assessee failed to prove its export origin. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402893