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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Receipts for transfer of trademark - the amount of ₹ 1 ...


Trademark Rights Transfer: Rs. 1 Crore Considered Capital Receipt, Not Taxed u/s 45 Per Section 55(2) of IT Act.

January 29, 2016

Case Laws     Income Tax     AT

Receipts for transfer of trademark - the amount of ₹ 1 crore received by the assessee on transfer of rights in trademark is a ‘capital receipt’ not liable for tax u/s. 45 under the provisions of section 55(2) - AT

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