https://www.taxtmi.com/caselaws?id=248271 Non-compete fee was treated as salary income because the jurisdictional High Court had already so held in the assessee's own case, and that binding precedent was followed. Disallowance under section 14A was not sustainable where no expenditure had been claimed as deduction in relation to exempt income, so the deletion of the disallowance was upheld. Interest under sections 234B and 234C was not finally determined on the existing record and was remitted to the Assessing Officer for fresh consideration depending on the tax character of the receipt. en-us Mon, 19 May 2014 00:00:00 +0530 Sat, 07 Jun 2014 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248271 Non-compete fee was treated as salary income because the jurisdictional High Court had already so held in the assessee's own case, and that binding precedent was followed. Disallowance under section 14A was not sustainable where no expenditure had been claimed as deduction in relation to exempt income, so the deletion of the disallowance was upheld. Interest under sections 234B and 234C was not finally determined on the existing record and was remitted to the Assessing Officer for fresh consideration depending on the tax character of the receipt. Case-Laws Income Tax Mon, 19 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248271