Taxability of compensation - The dominant consideration for ...

Compensation for giving up the right to sue is a non-taxable capital receipt, not linked to non-compete deals.

April 10, 2015

Case Laws Income Tax AT

Taxability of compensation - The dominant consideration for compensation being surrendering the right to sue; its neither in lieu of surrender of any agency or agreement for non competition - receipt is in the nature of capital receipt not taxable - AT

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Taxability of compensation - The dominant consideration for ...

Compensation for giving up the right to sue is a non-taxable capital receipt, not linked to non-compete deals.

April 10, 2015

Case Laws Income Tax AT

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