MAT computation u/s 115JB - addition of the amortization of ...

MAT Computation u/s 115JB: Amortization of Intangible Assets Deemed Correct; Assessing Officer's Claim Overturned.

October 16, 2023

Case Laws Income Tax AT

MAT computation u/s 115JB - addition of the amortization of Intangibles - The intangible assets are acquired and owned by the assessee company pursuant to the approved Scheme.- There is perpetual and irrevocable transfer of the intangible assets such as Trade Marks to the assessee company. - The contention of the Ld. AO that there was no transfer of ownership of the assets to the assessee company is incorrect - Addition deleted - AT

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MAT computation u/s 115JB - addition of the amortization of ...

MAT Computation u/s 115JB: Amortization of Intangible Assets Deemed Correct; Assessing Officer's Claim Overturned.

October 16, 2023

Case Laws Income Tax AT

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