https://www.taxtmi.com/caselaws?id=286203 Receipts for surrendering manufacturing rights or accepting non-compete obligations were treated as capital in character before specific statutory taxation applied, rather than business income. The land-transfer deeming valuation provision did not apply retrospectively to a transaction completed before its commencement and approved under the former Chapter XXC procedure. Captive power generation used internally could qualify for the infrastructure profit deduction. Upfront fees, guarantee commission, non-compete payments that do not acquire a capital asset, and recurring extraction royalty were treated as revenue expenditure. Employee-welfare contributions under a binding industrial settlement fell outside the general prohibition. The approved-gratuity-fund provision required fresh consideration under the applicable precedents. en-us Mon, 13 Jun 2016 00:00:00 +0530 Mon, 17 Feb 2020 08:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286203 Receipts for surrendering manufacturing rights or accepting non-compete obligations were treated as capital in character before specific statutory taxation applied, rather than business income. The land-transfer deeming valuation provision did not apply retrospectively to a transaction completed before its commencement and approved under the former Chapter XXC procedure. Captive power generation used internally could qualify for the infrastructure profit deduction. Upfront fees, guarantee commission, non-compete payments that do not acquire a capital asset, and recurring extraction royalty were treated as revenue expenditure. Employee-welfare contributions under a binding industrial settlement fell outside the general prohibition. The approved-gratuity-fund provision required fresh consideration under the applicable precedents. Case-Laws Income Tax Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286203