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Home › All Judgements › Rohitsava Chand vs. CIT (Delhi High Court)

Rohitsava Chand vs. CIT (Delhi High Court)

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COURT:
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DATE: (Date of pronouncement)
DATE: March 26, 2008 (Date of publication)
AY:
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CITATION:

Non-compete compensation received by an employee-director for agreeing not to carry on any business activity relating to software development for a period of 18 months constitutes a capital receipt as it is for loss of a source of income.

See also: CIT vs. Narendra Desai (Bom) and Saurabh Srivastava vs. DCIT (Del) (SB).

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