CORPO RET TAX
The Tribunal noted that the non-compete agreement was
executed on 1 April 2001 while the private limited company
was incorporated on March 2001. The Tribunal hence observed
that when the Partner had already undertaken a similar job
to be done in the company in the capacity of the Director, if
that be so, then he may not be able to fulfill his promise given
in this non- compete agreement.
The Tribunal noted that the non-compete agreement was
executed on 1 April 2001 while the private limited company
was incorporated on March 2001. The Tribunal hence observed
that when the Partner had already undertaken a similar job
to be done in the company in the capacity of the Director, if
that be so, then he may not be able to fulfill his promise given
in this non- compete agreement.
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