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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Nature of expenditure - payment for non compete fee - the tenor ...

Case Laws     Income Tax

July 24, 2019

Nature of expenditure - payment for non compete fee - the tenor of the agreement was only 18 months and it could not be stated that the assessee derived any enduring benefit due to the payment for obtaining certain commitments from payee and restricting himself from indulging in any competition or from weaning way the employees - revenue expenditure

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