Supreme Court · 2020 INSC 461 · Decided 22 July 2020
Shiv Raj Gupta v. Commissioner of Income-Tax, Delhi-Iv
- Court
- Supreme Court of India
- Citation
- 2020 INSC 461 · [2020] 5 S.C.R. 874
- Case number
- CIVIL APPEAL No. 12044/2016
- Decided
- 22 July 2020
- Bench
- R.F. NARIMAN, NAVIN SINHA, BHUSHAN RAMKRISHNA GAVAI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 28(ii)(a), 260
Headnote
Income Tax Act, 1961 - ss.28(ii)(a) and 260-A - Payment made as non-competition fee - Taxability of - Appellant was the chairman and Managing director of a Company-CDBL - A SWC group entered into a MOU with the appellant and paid the entire sale for the said Company-CDBL - Consequent to which, appellant handed over physical possession, management and control of the said brewery and distillery of CDBL - By a deed of Covenant, Rs. 6.6 crores was paid by SWC to the appellant as non-competition fee for not carrying on
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)