Tag Archives: Intangible Assets

Intellectual property rights come within the definition of ‘plant’ : Supreme Court

would intellectual property rights such as trademarks, copyrights and know-how come within the definition of ‘plant’ in the ‘sense which people conversant with the subject matter with which the statute is dealing, would attribute to it’? The Supreme Court opines, this must be answered in the affirmative for the reason that there can be no… Read More »

Intangible Assets Ind AS 38 Accounting treatment

Indian Accounting Standard (Ind AS 38) Intangible Assets (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective 1. The objective of this Standard is to prescribe the accounting treatment for intangible assets that are not dealt with specifically… Read More »