Dismissing the appeal of the revenue the Court held that that, amounts paid to employees under non-compete agreement is not taxable in India. No question of law. (AY. 2006-07)
DIT(IT) v. Sasken Communication Technologies Ltd. (2020) 428 ITR 194/315 CTR 320/191 DTR 214/ 117 taxmann.com 278 (Karn.)(HC)
S. 17(3) : Profits in lieu of salary-Amounts paid to employees under non-compete agreement-Not taxable in India-DTAA-India-USA. [S. 5(2) 9(1), 15, 195, 260A, Art, 16 23]