https://www.taxtmi.com/caselaws?id=353583 The ITAT ruled in favor of the assessee, holding that the non-compete fees of Rs. 40.50 crore were a capital receipt not taxable under Section 28(va) or chargeable under LTCG. Additionally, the ITAT deleted the disallowance of Rs. 7,60,656/- under Section 14A read with Rule 8D. The revenue's appeal was dismissed. en-us Wed, 20 Dec 2017 00:00:00 +0530 Mon, 08 Jan 2018 09:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353583 The ITAT ruled in favor of the assessee, holding that the non-compete fees of Rs. 40.50 crore were a capital receipt not taxable under Section 28(va) or chargeable under LTCG. Additionally, the ITAT deleted the disallowance of Rs. 7,60,656/- under Section 14A read with Rule 8D. The revenue's appeal was dismissed. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353583