Case Law Details
Case Name : India Meditronic (P) Ltd Vs Asstt. CIT (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
India Meditronic (P) Ltd Vs ACIT (ITAT Mumbai)
Conclusion: Non-compete fee was allowable as capital expenditure and depreciation could be claimed on the same.
Held: Assessee entered into exclusive distribution agreement with Medtech Devices Limited (MDL) for distribution of assessee’s products in India, which accounted for approximately 40% of the total revenue of the assessee in that year. However, the distribution agreement was terminated on account of
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.