https://www.taxtmi.com/highlights?id=48654 Characterization of income - received to restrain the assessee firstly, preventing them from entering into insurance business, secondly, preventing them from entering into an agreement with any other foreign insurance company - the condition is clear and lucid and it is to be treated as a 'restrictive covenant' - amount received was a capital receipt en-us Fri, 16 Aug 2019 07:57:42 +0530 Fri, 16 Aug 2019 07:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48654 Characterization of income - received to restrain the assessee firstly, preventing them from entering into insurance business, secondly, preventing them from entering into an agreement with any other foreign insurance company - the condition is clear and lucid and it is to be treated as a 'restrictive covenant' - amount received was a capital receipt Highlights Income Tax Fri, 16 Aug 2019 07:57:42 +0530 https://www.taxtmi.com/highlights?id=48654