{"id":23058,"date":"2021-12-18T17:08:30","date_gmt":"2021-12-18T11:38:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pricewaterhouse-coopers-p-ltd-v-acit-2021-189-itd-329-kol-trib-4\/"},"modified":"2021-12-18T17:08:30","modified_gmt":"2021-12-18T11:38:30","slug":"pricewaterhouse-coopers-p-ltd-v-acit-2021-189-itd-329-kol-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pricewaterhouse-coopers-p-ltd-v-acit-2021-189-itd-329-kol-trib-4\/","title":{"rendered":"Pricewaterhouse Coopers (P.) Ltd. v. ACIT (2021) 189 ITD 329 (Kol.)(Trib.)"},"content":{"rendered":"<p>The AO passed order u\/s. 143(3) and made additions on account of disallowance of non-compete fee. Held that, non-compete fees was paid to individuals who had experience in business of consultancy for not to engage themselves in similar kind of business and activities for a period of 3 years, these consideration was independent and not part of cost of acquisition of business paid to shareholders. Therefore, payment of non-compete fees was revenue in character and allowed as business expenditure. \u00a0(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Non-compete fees-Paid to individuals who had experience in business of consultancy for not to engage themselves in similar kind of business activities for a period of 3 years, such consideration was independent and not part of cost of acquisition of business, such fee was to be allowed as revenue expenditure.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-23058","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5ZU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23058"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23058\/revisions"}],"predecessor-version":[{"id":23059,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23058\/revisions\/23059"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}