Non-compete fees received by a taxpayer will be a non-taxable capital receipts up to the financial year 2002-03: ITAT Mumbai The Income-tax Appellate Tribunal (ITAT) Mumbai has recently ruled that non-compete fees received by taxpayers up to the financial year … Continue reading ITAT Mumbai: Tax Incidence on Non-Compete Fee Not Retrospective, Effective from AY 2004-05 Onwards