non-compete sum to either of the parties were
nothing but the transactions capital in nature. In fact, subsequent Non-
Compete Agreement and Non- Solicitation ... crore
as non-compete sum. Therefore, since the entire payment of compensation for
termination of non-compete/non-solicitation agreement dealt with the
transaction capital
20263/2020, 20976/2019
consideration is received towards non-compete and non-solicit condition
in the agreement for transfer of equity shares.
2. The brief ... 20976/2019,
Learned AR submits that for breach of Non-compete or Non solicit
agreement, liability is upto
20263/2020, 20976/2019
consideration is received towards non-compete and non-solicit condition
in the agreement for transfer of equity shares.
2. The brief ... 20976/2019,
Learned AR submits that for breach of Non-compete or Non solicit
agreement, liability is upto
20263/2020, 20976/2019
consideration is received towards non-compete and non-solicit condition
in the agreement for transfer of equity shares.
2. The brief ... 20976/2019,
Learned AR submits that for breach of Non-compete or Non solicit
agreement, liability is upto
also for agreeing to the negative covenants of
non compete, non disclosure, non solicitation etc. for a definite
period. It is further corroborated from Article ... business); Article 7.6 is non-solicitation clause
(prohibiting the assessee from soliciting existing employees and
consultants); Article 7.7 is Non-Interference clause (prohibiting the
assessee
also for agreeing to the negative covenants of
non compete, non disclosure, non solicitation etc. for a definite
period. It is further corroborated from Article ... business); Article 7.6 is non-solicitation clause
(prohibiting the assessee from soliciting existing employees and
consultants); Article 7.7 is Non-Interference clause (prohibiting the
assessee
erred in holding that the receipt of non-competition and non-solicitation fees
of Rs.7,50,58,469/- was not taxable as the assessee ... revised return of income had expired, the claim of non-
taxability of non-compete and non-solicitation fees received from BVCPL
was made
non-
solicitation payment.
8. The facts apropos this ground are that the assessee declared
net consideration of non-compete/non-solicitation ... crore was attributable to any non-compete or non-
solicitation agreement. The AO, therefore, did not allow any
deduction
that Lupin Pharma has paid the Purchase
Consideration for the non-compete and non solicit clauses
as enshrined in the Agreement. Clause 9.1.1 states that ... non compete clauses
which prevented them from undertaking similar
business for the period of two years. 4 There were
specific clauses for non solicitation
main rain maker for RSM, therefore, he
agreed to undertake certain non-compete, non-solicitation and
confidentality covenants, subject to the terms and conditions ... main
rainmaker for PSM, he has agreed to undertake certain non-compete,
non-solicitation and confidentiality covenants, subject to the terms,
conditions and exclusions
