https://www.taxtmi.com/highlights?id=72801 Nature of receipt - non- compete fee - capital or revenue receipt - Clearly, for the period in which the non-compete agreement was to operate, which in this case was 10 years, the assessee’s source of income had been clamped and, therefore, compensation received by him could only be treated as capital receipt. - Not taxable - HC en-us Mon, 30 Oct 2023 08:50:43 +0530 Mon, 30 Oct 2023 08:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72801 Nature of receipt - non- compete fee - capital or revenue receipt - Clearly, for the period in which the non-compete agreement was to operate, which in this case was 10 years, the assessee’s source of income had been clamped and, therefore, compensation received by him could only be treated as capital receipt. - Not taxable - HC Highlights Income Tax Mon, 30 Oct 2023 08:50:43 +0530 https://www.taxtmi.com/highlights?id=72801