Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (12) TMI 107 - HC - Income TaxComputation of sums under the component non-compete – Held that:- The Tribunal has rightly appreciated the matter in the factual background - the Tribunal referred to the agreement under which the transfer took place together with the clauses - in the teeth of composite arrangement and of this nature it would not be possible to sustain the exercise of the AO and the Commissioner - when there is no specific consideration paid as non-compete amount, that the exercise carried out by the AO and upheld by the Commissioner to the above extent was interfered with – the order of the Tribunal is upheld – as such no substantial question of law arises for consideration - Decided against revenue.
|