https://www.taxtmi.com/caselaws?id=177839 The Tribunal upheld the decision of the Ld. CIT(A) in treating the sum of Rs. 3,80,02,500 received by the assessee from a business agreement as long-term capital gain instead of business income. The agreement involved the transfer of intangible assets related to Healthcare Journals & Communications business, including trademarks, periodicals, databases, and goodwill. The assessee also agreed not to compete for six years. The Tribunal determined that the receipt was for the transfer of business rights, not just a non-compete agreement. The revenue's appeal was dismissed, and the decision was made on 02nd July 2010. en-us Fri, 02 Jul 2010 00:00:00 +0530 Wed, 20 Jan 2016 13:07:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177839 The Tribunal upheld the decision of the Ld. CIT(A) in treating the sum of Rs. 3,80,02,500 received by the assessee from a business agreement as long-term capital gain instead of business income. The agreement involved the transfer of intangible assets related to Healthcare Journals & Communications business, including trademarks, periodicals, databases, and goodwill. The assessee also agreed not to compete for six years. The Tribunal determined that the receipt was for the transfer of business rights, not just a non-compete agreement. The revenue's appeal was dismissed, and the decision was made on 02nd July 2010. Case-Laws Income Tax Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177839