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HomeDirect TaxSelf-Generated Trademark Sale Not Taxable as Capital Gains Before AY 2002-03: Gujarat...

Self-Generated Trademark Sale Not Taxable as Capital Gains Before AY 2002-03: Gujarat HC

Direct Tax

Published on

By Mariya Paliwala
Gujarat High court

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The High Court of Gujarat has held that consideration received from the transfer of self-generated trademarks prior to Assessment Year (AY) 2002-03 cannot be taxed as capital gains under the Income Tax Act.  The Bench of Justices A.S. Supehia and Pranav Trivedi dismissed the department’s appeals and upheld the decision of the Income Tax Appellate…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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