Settlement Payment for Not Using "Longman" Deemed Capital Receipt, Not Taxable u/s 28(va)(b) as Business Income.

Compensatory sum received in terms of settlement agreement for not using the word ‘Longman’ in the name or trade mark of the assessee - business income or a capital receipt not liable to tax - The consideration is not falling u/s 28(va)(b) - not taxable - AT .....

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