Home » TaxBuzz » End of Ambiguity: Payment Towards Non-Compete Fee, A Revenue Expenditure

DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage arising on account of anyone acting / refraining to act by placing reliance upon the information contained in this publication.

We are pleased to share with you a copy of our in-house publication – “TaxBuzz”.

In this edition, we have analysed a recent landmark judgment rendered by the Supreme Court in case of Sharp Business System, wherein the Hon’ble Court has put an end to the controversy on payment made towards non-compete fee and held it to be an allowable revenue expenditure.

We trust that you will find our TaxBuzz useful and look forward to receiving your valuable feedback..

For any details and clarifications, please feel free to write to:

Mr. Rohit Jain, Senior Partner: [email protected]
Mr. Vaibhav Kulkarni, Associate Partner: [email protected]
Mr. Akash Shukla, Associate:  [email protected]

DOWNLOAD PDF FILE