https://www.taxtmi.com/caselaws?id=8618 The High Court of Allahabad determined that a payment made by a partnership firm to eliminate competition, resulting in an enduring benefit by preventing competition for five years, qualifies as capital expenditure. Citing legal precedents, the Court concluded that such expenditure, aimed at acquiring an enduring advantage, falls under capital nature. Therefore, the Court held that the payment in question was of a capital nature, affirming the Commissioner of Income-tax's entitlement to costs. en-us Mon, 13 Sep 1971 00:00:00 +0530 Fri, 08 May 2009 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8618 The High Court of Allahabad determined that a payment made by a partnership firm to eliminate competition, resulting in an enduring benefit by preventing competition for five years, qualifies as capital expenditure. Citing legal precedents, the Court concluded that such expenditure, aimed at acquiring an enduring advantage, falls under capital nature. Therefore, the Court held that the payment in question was of a capital nature, affirming the Commissioner of Income-tax's entitlement to costs. Case-Laws Income Tax Mon, 13 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8618