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Supreme Court Clarifies Tax Treatment of Non-Compete Fees: Revenue Expenditure, Not Capital
Court News

Supreme Court Clarifies Tax Treatment of Non-Compete Fees: Revenue Expenditure, Not Capital

Supreme Court rules non-compete fees are deductible revenue expenditure under Section 37(1). Landmark Sharp Business System v CIT-III judgment ends capital vs revenue debate.

Supreme Court Judgment Income Tax Act Section 37(1) Non Compete Fee Revenue Expenditure Capital Expenditure Corporate Taxation Business Expenditure Tax Litigation India Supreme Court Tax Ruling Sharp Business System Case
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ITAT Rules Stock-in-Trade Investments Must Be Excluded in Section 14A Disallowance
Court News

ITAT Rules Stock-in-Trade Investments Must Be Excluded in Section 14A Disallowance

ITAT holds that shares and mutual funds held as stock-in-trade must be excluded from Section 14A read with Rule 8D. Major relief for traders and investors as disallowance applies …

ITAT Judgment Section 14A Rule 8D Stock in Trade Mutual Funds Dividend Income Income Tax Act 1961 Tax Litigation Traders Tax Relief Exempt Income Supreme Court Tax Rulings CA Updates Income Tax News Investment Taxation Business Income
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