Non-Competent Fee is Capital Expenditure, Depreciation not allowable

Hindustan Coca-Cola Beverages Pvt. Ltd. Vs DCIT (ITAT Delhi)

In the given case, the assessee had claimed deduction as non-compete fee amortized. The assessee explained that during the year under consideration, it had acquired running business of various bottlers directly or through amalgamation. The non-comp

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