https://www.taxtmi.com/caselaws?id=188238 The Appellate Tribunal ruled in favor of the assessee, holding that the amount received upon voluntary retirement was a capital receipt and not taxable under section 17(3)(i) of the Income-tax Act. The Tribunal emphasized that the provision did not cover voluntary retirement situations and cited legislative intent and case law to support its decision. The restrictive covenant payment was deemed non-taxable, and the appeal was dismissed, affirming the non-taxability of the amount received by the assessee. en-us Thu, 17 Jan 2002 00:00:00 +0530 Tue, 22 Nov 2016 17:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188238 The Appellate Tribunal ruled in favor of the assessee, holding that the amount received upon voluntary retirement was a capital receipt and not taxable under section 17(3)(i) of the Income-tax Act. The Tribunal emphasized that the provision did not cover voluntary retirement situations and cited legislative intent and case law to support its decision. The restrictive covenant payment was deemed non-taxable, and the appeal was dismissed, affirming the non-taxability of the amount received by the assessee. Case-Laws Income Tax Thu, 17 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188238