2014 (2) TMI 1306 - SCH - Income Tax

Income earned from non-Compete Agreement - nature of receipt of commission in addition to salary - Income from salary vs Income from business - Contract of Service or Contract for Service - Agreement was entered into in dual capacity - salary in capacity as an employee of UC and non-compete fees for not taking away business of the firm - Held that - HC held that 2012 (12) TMI 168 - DELHI HIGH COURT the commission amount clearly was part of salary answering the description under the inclusive definition u/s 17 of the Act Leave granted. Hearing expedited.

Summary

The Supreme Court granted leave and expedited the hearing in the case. The citation is 2014 (2) TMI 1306 - SC Order. Justices Sudhansu Jyoti Mukhopadhaya and Kurian Joseph were presiding. Petitioner represented by Mr. Jayant Bhushan and others, while the respondent by Mr. Rajiv Dutta and others.