C.A. No. 012044 / 2016
SHIV RAJ GUPTA vs COMMISSIONER OF INCOME-TAX, DELHI IV
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN, HON'BLE MR. JUSTICE NAVIN SINHA and HON'BLE MS. JUSTICE INDIRA BANERJEE
Order Date
22-07-2020
Citation
2020 INSC 461
Filed On
27-03-2015 02:58 PM
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View Full Judgment
AI Summary
A non-compete fee received under a distinct Deed of Covenant, supported by valid consideration and commercial rationale, cannot be recharacterised as compensation for termination of management under Section 28(ii)(a) ITA; further, a High Court under Section 260-A cannot decide an appeal on a substantial question of law not formulated by it without recording reasons and affording parties an opportunity to be heard on such question.