Payment for warding off competition in business even to a rival dealer will constitute capital expenditure and to hold them capital expenditure it is not necessary that non-compete fee is paid to create monopoly rights

CASE LAWS DETAILS

DECIDED BY: ITAT, DELHI BENCH, SPECIAL BENCH, NEW DELHI, IN THE CASE OF: Tecumseh India Pvt. Ltd. Vs. Addl. CIT, APPEAL NO: ITA No. 3759/Del/2003, DECIDED ON July 30, 2010

ORDER

PER I.P. BANSAL, JUDICIAL MEMBER

This Special Bench is constituted by the order of Hon’b

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