https://www.taxtmi.com/caselaws?id=275216 The High Court held that the amount received under the non-competition agreement should be treated as a revenue receipt, overturning the Tribunal's decision and restoring the Assessing Officer's order. The appeal by the Revenue challenging the Tribunal's order was dismissed, and the High Court set aside the Tribunal's decision, affirming the Assessing Officer's treatment of the amount as a revenue receipt. en-us Thu, 29 Oct 2009 00:00:00 +0530 Sat, 22 Sep 2018 11:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275216 The High Court held that the amount received under the non-competition agreement should be treated as a revenue receipt, overturning the Tribunal's decision and restoring the Assessing Officer's order. The appeal by the Revenue challenging the Tribunal's order was dismissed, and the High Court set aside the Tribunal's decision, affirming the Assessing Officer's treatment of the amount as a revenue receipt. Case-Laws Income Tax Thu, 29 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275216