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 income being income on sale of a technical concept, that assessee developed on his own, with respect to website malware monitoring to safeguard websites from getting infected with malware. As...