https://www.taxtmi.com/caselaws?id=413956 The Tribunal allowed the cross objection, determining that the non-compete fee received was a capital receipt not subject to tax, following the Supreme Court's decisions in Guffic Chem and Shiv Raj Gupta. The Tribunal reconsidered its initial dismissal based on legal precedents, including the Delhi High Court's ruling in Silverline, allowing the new claim to be raised at any stage. The decision was pronounced on 13/10/2021. en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413956 The Tribunal allowed the cross objection, determining that the non-compete fee received was a capital receipt not subject to tax, following the Supreme Court's decisions in Guffic Chem and Shiv Raj Gupta. The Tribunal reconsidered its initial dismissal based on legal precedents, including the Delhi High Court's ruling in Silverline, allowing the new claim to be raised at any stage. The decision was pronounced on 13/10/2021. Case-Laws Income Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413956