This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Transfer of intangible assets with right to carry on business is taxable as capital gains and not as business income
Case Law Details
- Case Name
- CIT Vs. M/s Mediworld Publications Pvt. Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Delhi High Court in the case of CIT Vs. M/s Mediworld Publications Pvt. Ltd (ITA No. 549 of 2011) held that transfer of intangible assets with right to carry on business was taxable as capital gains and not as business income.
Facts of the case
The taxpayer was engaged in the business of health care print media and electronic communications. Business of print media communications comprises of publication of regular journals and customized publications for the industries and professional groups and business of electronic media communication includes production of customized audio video healthc...
