https://www.taxtmi.com/highlights?id=45206 Receipts of Non-Compete Agreement - capital gain or business receipt - The Non-Compete Agreement was part and parcel of the sale of the business and cannot be seen in isolation - the sale of assets(business) held by the Assessee in excess of 36 months - receipt was capital nature and it gave rise to long term capital gain. en-us Mon, 18 Mar 2019 08:58:55 +0530 Mon, 18 Mar 2019 06:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45206 Receipts of Non-Compete Agreement - capital gain or business receipt - The Non-Compete Agreement was part and parcel of the sale of the business and cannot be seen in isolation - the sale of assets(business) held by the Assessee in excess of 36 months - receipt was capital nature and it gave rise to long term capital gain. Highlights Income Tax Mon, 18 Mar 2019 08:58:55 +0530 https://www.taxtmi.com/highlights?id=45206