Taxability - Deemed sale or not - receipts towards royalty and ...
Royalty Receipts and Intangible Property Use: Tribunal's Dismissal Overturned, Case Sent Back for Reassessment.
September 2, 2023
Case Laws VAT and Sales Tax HC
Taxability - Deemed sale or not - receipts towards royalty and the transfer of the right to use intangible property - the transferee obtained a legal right to use the goods for the period during which he had such legal rights, which had to be to the exclusion of the transferor - the Tribunal has clearly gone wrong in law while dismissing the appeals preferred by the State - Matter restored back to AO - HC
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