Non-Competent Fee paid by Coca Cola to Bottlers amount to Capital Expenditure, No Depreciation allowable: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of non-competent fees paid by M/s Hindustan Coca Cola company would be treated as capital expenditure for which depreciation under section 32 of the Income Tax Act, 1961 is not available The Company claimed deduction of Rs.50,64,83,985/- as non-compete fee […]

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