M/s. ATW Technologies Pvt Limited Bangalore ITAT held, Non compete fees payable to director is capital expenditure not revenue expenditure, not allowable in the hand of the firm/ company. ITAT observation This agreement was executed on 1.4.2001. The company was incorporated on 16.03.2001. He had already undertaken a similar...
Read More
Regulation 6 of Notification No. FEMA.3/2000-RB dated May 03, 2000 in terms of which persons resident in India may raise foreign currency loans from non-residents in accordance with the provisions contained in this Notification. Their attention is also invited to paragraph 2(ii)(a) ofAP (DIR Series) Circular No. 27 dated September 23,...