Delhi HC- situs of an intangible asset is the situs of owner

In its recent decision, the Delhi High Court has held that the situs of an intangible asset is the situs of the owner of that asset and therefore the transfer of such asset by a non­resident would not be taxable in India even if the asset was being commercially used in India.

Introduction

Under the Income Tax Act, 1961 (IT Act), all income arising (d

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