Non-compete fee is capital receipt. Section 28(va) not apply to fee received in relation to a profession before amendment
February 3, 2018
High Courts, Income Tax, Judgments
Non-compete fee is capital receipt. Section 28(va) not apply to compensation received in relation to a profession before amendment-High Court uphelds ITAT order Prelude: Section 28 of the Income Tax Act, 1961 (the Act) list outs the types of income which are chargeable to income tax under the …