No tax for cancelled trademark

By | July 15, 2016

No tax for cancelled trademar

The Hyderabad Bench of the Income-tax Appellate Tribunal held that a payment received by the taxpayer for restraining the use of the trademark that was cancelled and no longer available for use (it had ceased to exist is a capital receipt) was not subject to tax. The case is: Orient Blackswan Private Ltd. Read a July 2016 report[PDF 338 KB]

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