https://www.taxtmi.com/caselaws?id=151677 The Tribunal upheld the disallowance under Section 43B for late deposit of ESIC and EPF contributions for payments made beyond the grace period. In the case of taxation of the amount received from the transfer of the textile dye business, the Tribunal ruled that the amount received for marketing rights was a capital receipt eligible for Section 54EC deduction, while the non-compete fee was considered a capital receipt not taxable under "Capital gains" due to being a negative covenant. The Tribunal dismissed the Revenue's grounds and accepted the assessee's position on both issues. en-us Wed, 22 Oct 2008 00:00:00 +0530 Tue, 11 Jun 2013 17:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151677 The Tribunal upheld the disallowance under Section 43B for late deposit of ESIC and EPF contributions for payments made beyond the grace period. In the case of taxation of the amount received from the transfer of the textile dye business, the Tribunal ruled that the amount received for marketing rights was a capital receipt eligible for Section 54EC deduction, while the non-compete fee was considered a capital receipt not taxable under "Capital gains" due to being a negative covenant. The Tribunal dismissed the Revenue's grounds and accepted the assessee's position on both issues. Case-Laws Income Tax Wed, 22 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151677