Sale of patent/ know-how known as “Profofal” - disputed amount ...

Profofal Patent Sale Taxable as Capital Gains u/s 55(2) of Income Tax Act, Not Revenue Receipt.

February 19, 2017

Case Laws Income Tax AT

Sale of patent/ know-how known as “Profofal” - disputed amount is taxable as capital receipt/ gains u/s. 55 (2) - The assessee was not in the business of purchase and sale of patents, so the sale proceed of the assignment agreement could not be treated a revenue receipt. - AT

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Sale of patent/ know-how known as “Profofal” - disputed amount ...

Profofal Patent Sale Taxable as Capital Gains u/s 55(2) of Income Tax Act, Not Revenue Receipt.

February 19, 2017

Case Laws Income Tax AT

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