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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Intangible assets like trademark, brand names etc. were ...


Finance Act 2001: Self-Generated Trademarks' Cost of Acquisition Set to Nil, Applied Prospectively u/s 55(2)(a) Amendment.

March 26, 2019

Case Laws     Income Tax     HC

Intangible assets like trademark, brand names etc. were self-generated - amendment to section 55(2)(a) by the Finance Act, 2001 deeming to be a nil cost of acquisition in respect of a self-generated trademark is prospective.

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