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Non-compete fee paid to directors to restrain them from engaging in same business was allowable deduction

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Posted onon December 27, 2018

Tenet Tax Daily November 28 2018

By tenettax-team
Corporate Tax, Individual Taxation

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Sec. 68 additions confirmed in absence of proof showing creditworthiness of father to give huge cash gift to his son
No sec. 263 revision if AO had allowed exp. after making reasonable enquiry : ITAT

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