https://www.taxtmi.com/highlights?id=23059 Capital receipt not chargeable to tax - bifurcation of income - The negative covenants therein are not at all unusual in such cases. There is nothing to indicate that they were introduced to avoid tax.The submission that there was no consideration for the negative covenants is therefore rejected - HC en-us Fri, 22 May 2015 18:14:14 +0530 Fri, 22 May 2015 18:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23059 Capital receipt not chargeable to tax - bifurcation of income - The negative covenants therein are not at all unusual in such cases. There is nothing to indicate that they were introduced to avoid tax.The submission that there was no consideration for the negative covenants is therefore rejected - HC Highlights Income Tax Fri, 22 May 2015 18:14:14 +0530 https://www.taxtmi.com/highlights?id=23059