2020 (3) TMI 60 - SCH - Income Tax

Categorization of expenditure of non-compete fee - either capital or revenue - nature of expenditure - HELD THAT - Revenue seeks permission to withdraw this special leave petition along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions. The special leave petition and pending applications are dismissed as withdrawn, leaving question(s) of law open.

Summary

The Supreme Court of India allowed the petitioner to withdraw the special leave petition and pending applications due to low tax effect. The petition and applications were dismissed as withdrawn, leaving questions of law open.