The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of ITO v Prabhakar Raghavendra Rao held that non-compete fee money received independently by the assessee pursuant to an independent agreement, which was admittedly entered into after the sale of shares in SIPL, shall not be taxable in India as there is no […]
The post Non-Compete Fee Received by NRI not Taxable in India in absence of Business Connection in India: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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