TMI BlogProfits in lieu of salary - chargeable to tax u/s 17(3) or section 28(va) - appellant was not an...Profits in lieu of salary - chargeable to tax u/s 17(3) or section 28(va) - appellant was not an employee - compensation attributable to a negative/restrictive covenant is a capital receipt. - as the sum received by the appellant does not fall within the ambit of section 28(va), and being a capital receipt is not taxable - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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