{"id":13738,"date":"2020-11-14T14:15:50","date_gmt":"2020-11-14T14:15:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib\/"},"modified":"2021-06-26T10:42:28","modified_gmt":"2021-06-26T05:12:28","slug":"k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib\/","title":{"rendered":"K. Srikanth v .ACIT (2020) 80 ITR 272 \/  195 DTR 17 \/206 TTJ 273 ( Chennai ) (Trib)"},"content":{"rendered":"<p>Tribunal held that the non compete fee is capital receipt hence not chargeable to tax . Followed\u00a0\u00a0 ,Guffic Chem. Pvt. Ltd. v. CIT ( 2011) 332 ITR 602 (SC)\u00a0 ( AY.2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax -Capital or  revenue receipt \u2014 Non-compete fee \u2014 Capital receipt \u2013 Cannot be assessed as income [ S.28(i) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13738","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3zA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13738"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13738\/revisions"}],"predecessor-version":[{"id":19643,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13738\/revisions\/19643"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}