https://www.taxtmi.com/caselaws?id=254514 The court held that the amount of Rs. 6.60 crores was taxable as capital gains in the hands of the respondent-assessee, as it was part of the full value sale consideration paid for the transfer of shares. The court concluded that the payment should be treated as part of the sale consideration rather than a non-compete fee, and the entire amount was to be taxed in the hands of the respondent-assessee. The appeal was decided in favor of the appellant-Revenue, with costs awarded to them. en-us Mon, 22 Dec 2014 00:00:00 +0530 Fri, 14 Aug 2015 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254514 The court held that the amount of Rs. 6.60 crores was taxable as capital gains in the hands of the respondent-assessee, as it was part of the full value sale consideration paid for the transfer of shares. The court concluded that the payment should be treated as part of the sale consideration rather than a non-compete fee, and the entire amount was to be taxed in the hands of the respondent-assessee. The appeal was decided in favor of the appellant-Revenue, with costs awarded to them. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254514