https://www.taxtmi.com/caselaws?id=56478 The Tribunal allowed the assessee's appeal on key issues, ruling the non-compete fees as revenue expenditure and permitting deductions for delayed PF contributions. It remanded the 100% depreciation claim back to the AO for verification. The Tribunal instructed the AO to recompute unabsorbed depreciation, considering prior relief, and noted that adjustments under Section 143(1) must rely on available documents. The interest levied under Sections 234B and 234D was deemed consequential to income adjustments. en-us Thu, 28 Jul 2005 00:00:00 +0530 Fri, 03 May 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56478 The Tribunal allowed the assessee's appeal on key issues, ruling the non-compete fees as revenue expenditure and permitting deductions for delayed PF contributions. It remanded the 100% depreciation claim back to the AO for verification. The Tribunal instructed the AO to recompute unabsorbed depreciation, considering prior relief, and noted that adjustments under Section 143(1) must rely on available documents. The interest levied under Sections 234B and 234D was deemed consequential to income adjustments. Case-Laws Income Tax Thu, 28 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56478