https://www.taxtmi.com/caselaws?id=119526 The Tribunal classified a non-competition covenant payment as revenue expenditure rather than capital expenditure, spreading the allowance over five years. Sundry expenses were partially disallowed due to lack of documentation. The Tribunal upheld the reopening of assessments and rejected ad hoc disallowance of "Other Expenses" without specific defects pointed out. The outcome resulted in some appeals being allowed and partially allowed. en-us Fri, 30 Mar 2007 00:00:00 +0530 Wed, 11 Jul 2012 16:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119526 The Tribunal classified a non-competition covenant payment as revenue expenditure rather than capital expenditure, spreading the allowance over five years. Sundry expenses were partially disallowed due to lack of documentation. The Tribunal upheld the reopening of assessments and rejected ad hoc disallowance of "Other Expenses" without specific defects pointed out. The outcome resulted in some appeals being allowed and partially allowed. Case-Laws Income Tax Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119526