https://www.taxtmi.com/caselaws?id=329977 The High Court dismissed the appeals by the revenue, affirming that non-compete fees received by the assessee should be treated as a capital receipt and not taxable under section 28(iv) of the Income-tax Act. The court held that the issue was settled by previous decisions of the Apex Court. Additionally, the High Court allowed the assessee's appeal regarding the eligibility of non-compete fees for deduction under section 80-HHC, rendering the second question on this matter moot. en-us Mon, 04 Jul 2016 00:00:00 +0530 Sat, 13 May 2017 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329977 The High Court dismissed the appeals by the revenue, affirming that non-compete fees received by the assessee should be treated as a capital receipt and not taxable under section 28(iv) of the Income-tax Act. The court held that the issue was settled by previous decisions of the Apex Court. Additionally, the High Court allowed the assessee's appeal regarding the eligibility of non-compete fees for deduction under section 80-HHC, rendering the second question on this matter moot. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329977