Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Nature of receipt - Profits in lieu of salary or capital receipt - Receipt on termination of employment - Taxability u/s 17(3)(iii) - The Tribunal considered precedents and legal principles regarding the taxability of receipts after cessation of employment. It observed that compensation attributable to a restrictive covenant is generally treated as a capital receipt. Based on this, and considering the terms of the agreement, the Tribunal held that the amount received by the assessee was a capital receipt and not taxable under section 17(3)(iii).
Nature of receipt - Profits in lieu of salary or capital receipt - Receipt on termination of employment - Taxability u/s 17(3)(iii) - The Tribunal considered precedents and legal principles regarding the taxability of receipts after cessation of employment. It observed that compensation attributable to a restrictive covenant is generally treated as a capital receipt. Based on this, and considering the terms of the agreement, the Tribunal held that the amount received by the assessee was a capital receipt and not taxable under section 17(3)(iii).
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