Home › Income-Tax Act › Samkeet Arya Homes LLP v. ITO (2024) Chamber’s Journal-August-P. 170 (Amritsar) (Trib)

Samkeet Arya Homes LLP v. ITO (2024) Chamber’s Journal-August-P. 170 (Amritsar) (Trib)

S. 37(1) : Business expenditure-Non-Compete fees paid to retiring partner-Allowable as revenue expenditure.

Held that Non-Compete fees paid to retiring partner is  allowable as revenue expenditure. (AY. 2018-19) (ITA No. 249/ Ahd/ 2024 dt 16-7 2024)

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