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Non-compete fee received under negative covenant is taxable w.e.f. 1-4-2003 only and not retrospectively
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Corporate Tax
Non-compete fee received under negative covenant is taxable w.e.f. 1-4-2003 only and not retrospectively
Posted on
on
February 3, 2014
Tenet Tax Daily January 29 2014
By
tenettax-team
Corporate Tax
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ITAT deletes concealment penalty on disclosure by assessee about his past income and payment of taxes thereon
If all transactions weren’t disclosed during first reassessment, second reassessment was justified HC
