https://www.taxtmi.com/article/detailed?id=9385 Non-compete payments legitimately agreed at arm's length and allocable separately from share sale consideration must be respected for tax characterisation; revenue cannot recharacterise such payments as part of sale consideration or substitute its view of commercial expediency absent evidence of sham, and a later statutory amendment taxing non-competition receipts does not operate retrospectively. en-us Wed, 29 Jul 2020 11:13:29 +0530 Wed, 29 Jul 2020 11:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9385 Non-compete payments legitimately agreed at arm's length and allocable separately from share sale consideration must be respected for tax characterisation; revenue cannot recharacterise such payments as part of sale consideration or substitute its view of commercial expediency absent evidence of sham, and a later statutory amendment taxing non-competition receipts does not operate retrospectively. Articles Income Tax Wed, 29 Jul 2020 11:13:29 +0530 https://www.taxtmi.com/article/detailed?id=9385