Thursday, May 15, 2014

Section 48, read with Section 55- Capital Gains - Transfer of Trademark

The Pune Bench of ITAT has held that where asset under transfer was self-generated trademark, its cost of acquisition being NIL and same is not capable of improvement at an ascertainable cost in terms of money, computation of capital gains is not possible and, thus, same is not taxable under section 45.

0 comments:

Post a comment