Disallowance of Non-Compete Fee under the Income Tax Act

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Last updated: 11 May 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns the disallowance of a non-compete fee claimed by M/s. Pricewaterhouse Coopers Private Limited for the assessment year 2009-10. The Assessing Officer disallowed the claim, a decision upheld by the Commissioner of Income Tax (Appeals). The assessee has appealed this decision to the Tribunal.

Court :
ITAT Kolkata

Brief :
This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals) - 14, (hereinafter the “ld. CIT(A)”), passed u/s. 250 of the Income Tax Act, 1961 (the ‘Act’), dt. 29/12/2017, for the Assessment Year 2009-10.

Citation :
ITA No. 359/Kol/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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