Composite Non-Compete Consideration Amortizable as Deferred Revenue and Aborted Project Expenses Fully Allowable
Composite Non-Compete Consideration Amortizable as Deferred Revenue and Aborted Project Expenses Fully Allowable Issue Whether a composite consideration paid for the assignment of goodwill and restrictive non-compete covenants can be claimed as deferred revenue expenditure under Section 37(1), and whether preliminary expenses incurred for a business expansion project that was ultimately aborted are allowable as… Read More »