Supreme Court Clarifies Taxability of Non-Compete Fees: Shiv Raj Gupta vs. Commissioner of Income-Tax (2020)

/ B.R. Gavai, Income Tax Act, 1961, Income Tax Act, 1961 with Section 260-A, Income Tax Act, 1961 with Section 28(ii)(a), Income Tax Act, 1961 with Section 28(va), Judges, Navin Sinha, R.F. Nariman

Supreme Court Clarifies Taxability of Non-Compete Fees: Shiv Raj Gupta vs. Commissioner of Income-Tax (2020) LEGAL ISSUE: Whether a non-compete fee received by a former managing director is taxable as business income or a capital receipt. CASE TYPE: Income Tax Case Name: Shiv Raj Gupta vs. Commissioner of Income-Tax, Delhi-IV Judgment Date: 22nd July, 2020 […]

Supreme Court Clarifies Taxability of Non-Compete Fees: Shiv Raj Gupta vs. Commissioner of Income-Tax (2020) Read Post »