Know-how under development is self-generated asset & hence no Capital Gain Tax

Bharat Serums And Vaccines Ltd. Vs ACIT (ITAT Mumbai)

The issue under consideration is whether the CIT(A) is correct in holding that consideration received on assignment of know-how is chargeable to tax as Capital Gains?

In the present case, the assessee received a consideration for assignment of know how relating to scientific, medical and technical documents. The assessee claimed this amount as exempt as capital receipt. The AO arrived at this conclusion that the said re

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