Characterization of receipts - nature of receipts - compensation ...

Restrictive Covenant Payments Classified as Non-Taxable Capital Receipts, Exempt from Taxation.

April 9, 2022

Case Laws Income Tax AT

Characterization of receipts - nature of receipts - compensation received as consideration for restrictive covenant to not to do business in the same line for a prescribed period - The amount being in nature of a “capital receipt” was not exigible to tax. - AT

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Characterization of receipts - nature of receipts - compensation ...

Restrictive Covenant Payments Classified as Non-Taxable Capital Receipts, Exempt from Taxation.

April 9, 2022

Case Laws Income Tax AT

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