ORDER

RASHEED AHMED SHEIKH (CHAIRPERSON).-This order is intended to-dispose of above title two appeals which are directed against the consolidated order passed by C.I.T. (A) Zone-III, Lahore, dated 1-8-2003.2. Common grievance of the assessee-appellant is that the learned Assessing Officer was grossly erred in treating the sum received under a "non-competition agreement" to be the taxable receipts and confirmation thereof by the first appellate authority was unwarranted on the facts and in the circumstances of the case.3. Facts in brief are that the assessee-appellant is a Director of a private limited company namely New Khan Transport Company (Pvt.) Ltd., who filed his tax return declaring salary income. However, on receipt of an information that a sum of Rs.25,00,000 was paid to the assessee by Coca Cola Beverage (Pvt.) Limited under a "non-competition agreement" executed between the assessee-appellant and the said company on 8-1-1998. Since, the amount in question was not appearing in the...