{"id":257,"date":"2018-04-29T12:15:09","date_gmt":"2018-04-29T12:15:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/gkn-driveline-india-ltd-v-cit-2018-252-taxman-297-delhihc\/"},"modified":"2018-10-19T07:53:26","modified_gmt":"2018-10-19T07:53:26","slug":"gkn-driveline-india-ltd-v-cit-2018-252-taxman-297-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gkn-driveline-india-ltd-v-cit-2018-252-taxman-297-delhihc\/","title":{"rendered":"GKN Driveline India Ltd. v. CIT (2018) 252 Taxman 297 \/ 169 DTR 360(Delhi)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the asessee the Court held that the ,the payment was made by assessee to SML towards non-compete fee and for other obligation and recitals imposed upon SML, i.e., obtaining permissions from financial institutions, obtaining approvals from governmental authorities, income tax authorities, indemnity towards other losses, if any, and maintenance of confidentiality about agreement as also all intellectual property and other data and information ,hence the payment was clearly for an enduring benefit and not just towards non-compete obligation and, thus, capital in nature .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013 Capital or revenue -Non compete fee  was held to be capital in nature<\/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":[1],"tags":[],"class_list":["post-257","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-49","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/257","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=257"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/257\/revisions"}],"predecessor-version":[{"id":2572,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/257\/revisions\/2572"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}