Payment of non-compete fees - revenue expenditure or capital ...

Non-compete fees qualify as deductible revenue expenditure, not capital, as they don't acquire new business or enduring benefits.

April 22, 2019

Case Laws Income Tax HC

Payment of non-compete fees - revenue expenditure or capital expenditure - agreement with the promoter of the Company to avoid immediate competition - same business continue - No new business was acquired - no enduring benefit - allowable revenue expenditure

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Payment of non-compete fees - revenue expenditure or capital ...

Non-compete fees qualify as deductible revenue expenditure, not capital, as they don't acquire new business or enduring benefits.

April 22, 2019

Case Laws Income Tax HC

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