https://www.taxtmi.com/caselaws?id=257471 The High Court ruled that the payment received under the non-competition agreement was a capital receipt and not salary income. It determined that there was no employer-employee relationship between the payer (CT-PLC) and the recipient (appellant), as the payment was to prevent competition and protect CT-PLC's interests in the joint venture. Therefore, the amount could not be taxed as salary under Sections 15 and 17 of the Income Tax Act. The Court allowed the appeal and set aside the Tribunal's decision. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257471 The High Court ruled that the payment received under the non-competition agreement was a capital receipt and not salary income. It determined that there was no employer-employee relationship between the payer (CT-PLC) and the recipient (appellant), as the payment was to prevent competition and protect CT-PLC's interests in the joint venture. Therefore, the amount could not be taxed as salary under Sections 15 and 17 of the Income Tax Act. The Court allowed the appeal and set aside the Tribunal's decision. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257471