There is a quick and easy solution to remove the ads from uTorrent through a JS code. Once developer created the Pimp my uTorrent script that automatically removes all the ads and customizes the interface to make it cleaner.
You can browse the website through Google: https://goo.gl/mj7u67
Visit the page, click the button, then switch to uTorrent and accept the change. Close uTorrent from System Tray and then re-launch it and the ads will be history.