corporate and professional updates 30th march 2018
Direct Tax: Mumbai ITAT rules that non-compete fees paid by SOTC Travel Services Pvt Ltd. (assessee) during AY 2002-03 to Director/employee of another travel company for not doing similar business for 5 years, not capital expenditure, allows deduction u/s. 37; [TS-143-ITAT-2018(Mum)] Delhi ITAT rejects PE-constitution in India for Samsung Electronics (a Korean company- assessee) through the seconded expatriate employees …