Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

Sum received from sale of rights of ‘Technical Concept’ to safeguard website is taxable u/s 28(va)

March 20, 2019[2019] 103 315 (Ahmedabad - Trib.)

IT : Where assessee entered into an agreement with his employer-company for investment in technical concept developed by assessee for its commercial exploitation and thereafter entire business related to said concept had been sold to a US company, since dominant intention of purchaser for making payment to assessee was to prevent him from engaging in any business which could have competed with business purchased, amount so received was to be taxed as business income under section 28(va)

read more
Best view in 1140 x 768