S.28(ii) (a): Business income – Compensation -Capital or revenue – Capital gains- Restrictive covenant as to non-competition – Held to be not taxable -.Prior to assessment year 2013-14 [ S. 2 (47) , 4, 28(va) ]
Shivraj Gupta v .CIT ( 2020) 425 ITR 420/ 272 Taxman 391/ 315 CTR 601/ 192 DTR 20 ( SC) www.itatonline .org Editorial : CIT v Shiv Raj Gupta (2014) 52 taxmann.com 425/ [2015] 372 ITR 337 / 273 CTR 353 (Delhi) (HC) reversed. Followed Guffic Chem (P.) Ltd. v. CIT (2011) (2011) 332 ITR 602 / 239 CTR 225 / 52 DTR 289 / 198 Taxman 78 / 225 Taxation 383 (SC) / 4 SCC 254.