Determination of head of income in respect of payment received by an assessee from his employer under a non-compete agreement

RELEVANT PARAGRAPHS:

16. Coming to the merits of the case, facts in detail have been narrated above. The crucial facts, which are clear on the record are as under:

(i) Said non compete agreement has been accepted by the department while framing the assessments u/s 143(3) where the expenses claimed by the firm payable to assessee as non compete commission has been allowed on mercantile basis.

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