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2014 (9) TMI 1256 - SC - Income TaxNature or receipt - Revenue Receipt versus Capital Receipt - taxability of non-compete fees - non-compete agreement incorporates a restrictive covenant on the right of the Assessee to carry on his activity of development of software - receipt in the hands of the Assessee was certainly a capital receipt - HELD THAT - After going through the record and the impugned judgment of the High Court we do not find any error therein. The appeals are dismissed.
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