Profit on transfer of development rights to the fully owned ...

Transfer of Development Rights to Subsidiary Not Considered Income, Excluded from Book Profit u/s 115JB.

August 26, 2015

Case Laws Income Tax AT

Profit on transfer of development rights to the fully owned subsidiary company - since the said profit does not fall under the definition of “income” at all and since it does not enter into the computation provisions at all, there is no question of including the same in the Book Profit as per the scheme of the provisions of sec. 115JB - AT

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Profit on transfer of development rights to the fully owned ...

Transfer of Development Rights to Subsidiary Not Considered Income, Excluded from Book Profit u/s 115JB.

August 26, 2015

Case Laws Income Tax AT

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