https://www.taxtmi.com/caselaws?id=59683 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee on the issues of non-compete fee, interest on deposit to the Managing Director, and interest on borrowed funds for property acquisition. The revenue's appeal was dismissed, with the Tribunal upholding the CIT(A)'s decisions on the nature of receipt from US Vitamins Ltd. and the ad hoc disallowance of miscellaneous expenses. The case was remitted to the Assessing Officer to bifurcate and apportion the composite receipt accordingly. en-us Fri, 23 Nov 2007 00:00:00 +0530 Wed, 12 Jun 2013 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59683 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee on the issues of non-compete fee, interest on deposit to the Managing Director, and interest on borrowed funds for property acquisition. The revenue's appeal was dismissed, with the Tribunal upholding the CIT(A)'s decisions on the nature of receipt from US Vitamins Ltd. and the ad hoc disallowance of miscellaneous expenses. The case was remitted to the Assessing Officer to bifurcate and apportion the composite receipt accordingly. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59683