https://www.taxtmi.com/highlights?id=29655 Non-compete amount received - revenue v/s capital receipt - At any rate, with effect from 01.04.2003, by virtue of introduction of Section 28(va) to the Act, all monies received pursuant to a negative covenant become liable for the incidence of taxation, thus obliterating the distinction between the two that was available till then - HC en-us Wed, 08 Jun 2016 19:48:39 +0530 Wed, 08 Jun 2016 19:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29655 Non-compete amount received - revenue v/s capital receipt - At any rate, with effect from 01.04.2003, by virtue of introduction of Section 28(va) to the Act, all monies received pursuant to a negative covenant become liable for the incidence of taxation, thus obliterating the distinction between the two that was available till then - HC Highlights Income Tax Wed, 08 Jun 2016 19:48:39 +0530 https://www.taxtmi.com/highlights?id=29655