https://www.taxtmi.com/caselaws?id=212815 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s order that the non-compete fee of Rs. 1 crore received by the assessee should be considered in the assessment year 1997-98, based on the effective date of transfer being 1st July 1996. The decision was consistent with the Supreme Court's ruling in Marshall Sons and Co. (India) Ltd. vs ITO and ensured uniform tax treatment for similar transactions. en-us Fri, 16 Dec 2011 00:00:00 +0530 Thu, 26 Apr 2012 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212815 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s order that the non-compete fee of Rs. 1 crore received by the assessee should be considered in the assessment year 1997-98, based on the effective date of transfer being 1st July 1996. The decision was consistent with the Supreme Court's ruling in Marshall Sons and Co. (India) Ltd. vs ITO and ensured uniform tax treatment for similar transactions. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212815