https://www.taxtmi.com/caselaws?id=296473 The Tribunal clarified that it had jurisdiction to decide on the non-compete fee issue, citing relevant case law. The decision to assess Rs. 15 per share as business income was deemed not to enhance tax liability impermissibly. However, the Tribunal acknowledged a lack of opportunity for the assessee to address this issue and directed a fresh hearing specifically on the non-compete fee. The Miscellaneous Applications were partially allowed, with observations on the non-compete fee being kept in abeyance pending the new hearing. en-us Wed, 28 Mar 2012 00:00:00 +0530 Thu, 22 Jul 2021 16:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296473 The Tribunal clarified that it had jurisdiction to decide on the non-compete fee issue, citing relevant case law. The decision to assess Rs. 15 per share as business income was deemed not to enhance tax liability impermissibly. However, the Tribunal acknowledged a lack of opportunity for the assessee to address this issue and directed a fresh hearing specifically on the non-compete fee. The Miscellaneous Applications were partially allowed, with observations on the non-compete fee being kept in abeyance pending the new hearing. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296473