Sale of patent/ know-how known as “Profofal” - disputed amount ...

Case Laws Income Tax

February 19, 2017

Sale of patent/ know-how known as “Profofal” - disputed amount is taxable as capital receipt/ gains u/s. 55 (2) - The assessee was not in the business of purchase and sale of patents, so the sale proceed of the assignment agreement could not be treated a revenue receipt. - AT

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Sale of patent/ know-how known as “Profofal” - disputed amount ...

Case Laws Income Tax

February 19, 2017

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