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2021 (4) TMI 142 - MADRAS HIGH COURTNature of receipt - compensation received for refraining from carrying on competitive business - Tribunal was right in dismissing the Department Appeal observing that the Finance Act, 2002 brought to tax the capital receipts under Section 28 (va) with effect from 01.04.2003? - HELD THAT:- Since the substantial questions of law that are raised in the present appeal are covered by the decision of the Hon'ble Division Bench of this Court in Commissioner of Income Tax, Chennai Vs. TTK Healthcare Ltd.[2016 (6) TMI 302 - MADRAS HIGH COURT], we decide the substantial questions of law raised in the present appeal against the Revenue and in favour of the assessee.
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