Non-compete Fee is a tool to hide payment of goodwill to sister concern

IN THE ITAT CHENNAI BENCH ‘B’ Pentamedia Graphics Ltd. V/s. Deputy Commissioner of Income-tax IT APPEAL NOS. 1780 (MDS.) OF 2009, 1733, 1768 AND 1887 (MDS) OF 2010 [ASSESSMENT YEAR 2000-01] JUNE 11, 2012  ORDER Dr. O.K. Narayanan, Vice-President – This is a bunch of four appeals. All the four appeals relate to the assessment year 2000-01. 2. The appeal in ITA No.1733(Mds)/2010, filed by the assessee, and the appeal in ITA No.1887(Mds)/2010, filed by the Revenue, are directed against the order of the Commissioner of Income-tax(Appeals)-V at Chennai, dated 13-...