https://www.taxtmi.com/highlights?id=37445 The non-compete fee received by the assessee pursuant to the agreement dated 25.07.2007, which therein refrained him from practising the profession as a chartered accountant for a period of 5 years, is a ‘Capital receipt’, which however, in the backdrop of our aforesaid observations would not be exigible to tax under Sec. 28(va) of the ‘Act’. - AT en-us Mon, 08 Jan 2018 09:32:42 +0530 Mon, 08 Jan 2018 09:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37445 The non-compete fee received by the assessee pursuant to the agreement dated 25.07.2007, which therein refrained him from practising the profession as a chartered accountant for a period of 5 years, is a ‘Capital receipt’, which however, in the backdrop of our aforesaid observations would not be exigible to tax under Sec. 28(va) of the ‘Act’. - AT Highlights Income Tax Mon, 08 Jan 2018 09:32:42 +0530 https://www.taxtmi.com/highlights?id=37445