Income on sale of technical concept was taxable as non-compete fee u/s 28(va)

Ashish Tandon Vs ACIT (ITAT Ahmedabad)

Conclusion: Income on sale of a technical concept, that assessee developed on his own, with respect to website malware monitoring was non-compete fee taxable as business income under section 28(va) as the consideration was in respect of parting the knowledge by assessee concerning confidential information relating to the business.

Held: Assessee had claimed an exempt inc

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