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Non-compete fee

Non-Compete Fee Related to Profession Made Taxable, only w.e.f. AY 2017-18: ITAT [Read Order]

Gayathri C.H

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that a non-compete fee related to a...

Depreciation allowable on Marketing Information and Non-Compete Fee: ITAT [Read Order]

Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]

Non-Compete Fee Received by NRI not Taxable in India in absence of Business Connection in India:...

Depreciation not allowable on Non-Compete Fee paid for Acquisition of Going Concern: ITAT [Read...

Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring 'Going Concern': ITAT [Read Order]

Delhi bench of Income Tax Appellate Tribunal (ITAT) recently disallowed depreciation claim under section 32 of the Income Tax Act, 1961 on intangible asset on non-compete fees paid. Assessee in the...

Non-Compete Fee is Not subject to Income Tax: Delhi HC [Read Order]

A division bench of Delhi High Court held that, Payment of compensation in lieu of the non-compete agreement by the Respondent would amount to capital receipt on which no income tax could be leviable...

Survey Expenses of a Company is Deductible from Income Tax: Gujarat HC [Read Judgment]

The division bench of Gujarat High Court held that, Survey expenses of a Company is deductible from Income Tax under the provisions of the Income Tax Act. While completing Assessment against the...

“Fee for Non-Compete” is a Capital Receipt, and Hence, not Taxable under the Income Tax Act; Madras HC [Read Judgment]

The Madras High Court, in a recent case, held that the fee paid by a company for Non-Compete would be considered as a capital receipt, not a revenue receipt for the purpose of Income Tax Law. The...

Assessment Penalty - gross total income - Taxscan

Non-compete fee is not a Business Income; Delhi HC quashes re-assessment proceedings [Read Judgment]

While allowing the writ petition filed by Priya Desh Gupta and Abha Gupta, the division bench of Delhi High Court has held that, non compete fees cannot be assessed as business income. The...