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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Non-compete fees - whether classifiable u/s 17 of the Act as ...


Non-Compete Fees Classified as Profits in Lieu of Salary u/s 17, High Court Confirms AO's Additions.

February 13, 2016

Case Laws     Income Tax     HC

Non-compete fees - whether classifiable u/s 17 of the Act as profits in lieu of salary? - AO observed that payment for noncompete fees with Grasim is only a camouflage - Additions confirmed - HC

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