https://www.taxtmi.com/highlights?id=27140 Non compete fee receipt - long term capital gain or business income - the amount of ₹ 39,35,00,000/- received by the assessee company as non compete fee, is a component attributable in a negative / restrictive covenant and as such, is a capital receipt - taxable as LTCG - AT en-us Mon, 01 Feb 2016 14:05:17 +0530 Mon, 01 Feb 2016 14:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27140 Non compete fee receipt - long term capital gain or business income - the amount of ₹ 39,35,00,000/- received by the assessee company as non compete fee, is a component attributable in a negative / restrictive covenant and as such, is a capital receipt - taxable as LTCG - AT Highlights Income Tax Mon, 01 Feb 2016 14:05:17 +0530 https://www.taxtmi.com/highlights?id=27140