Non compete fee paid under deed of covenant held not taxable. Revenue has no business to second guess commercial or…
Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…
Interest free loan to subsidiary-disallowance for commercial expediency not relevant if advances given out of interest free funds - Punjab…
Commercial expediency-Disallowance for loan-advance u/s 40A(2).Once commercial expediency established beyond doubt no further test to be applied -Allahabad High Court…