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2005 (11) TMI 381 - AT - Income Tax
Extract:
.......igh Court in the case of Saroj Kumar Poddar ( supra), we hold that the CIT(A) was justified in holding the sum of Rs. 2,02,00,000 received as a consideration for restrictive covenant in the form of non-competition obligation was a capital receipt. In the result, the assessee rsquo s appeal is partly allowed and the Departmental appeal is dismissed.