Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Receipts of Non-Compete Agreement - capital gain or business receipt - The Non-Compete Agreement was part and parcel of the sale of the business and cannot be seen in isolation - the sale of assets(business) held by the Assessee in excess of 36 months - receipt was capital nature and it gave rise to long term capital gain.
Receipts of Non-Compete Agreement - capital gain or business receipt - The Non-Compete Agreement was part and parcel of the sale of the business and cannot be seen in isolation - the sale of assets(business) held by the Assessee in excess of 36 months - receipt was capital nature and it gave rise to long term capital gain.
Note: It is a system-generated summary and is for quick reference only.
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