1979 (7) TMI 10 - MADRAS HIGH COURT

Extract:
.......rinciple of the decision in CIT v. Best and Co. (P.) Ltd. 1966 60 ITR 11 (SC) in so far as it considers the restrictive covenant and the receipt therefor, will be applicable here. The question referred to us, is accordingly, answered in the affirmative and in favour of the assessee. The assessee will be entitled to its costs. Counsel s fee Rs. 500.