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CIT v. M. Ranjan Rao (2021) 280 Taxman 59 (Mad.)(HC)

S. 28(va) : Business income-Compensation received for refraining from carrying on competitive business-Capital receipt-Prior to 1-4-2003. [S. 4]

Held compensation received for refraining from carrying on competitive business was capital receipt and not taxable prior to 1-4-2003.  (AY. 2002-03)