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Case Law Details

Case Name : M/s Tally Solutions Private Limited Vs. Deputy Commissioner of Income Tax (ITAT Bangalore)
Related Assessment Year : 2006- 07
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M/s Tally Solutions Private Limited Vs. Deputy Commissioner of Income Tax, Bangalore for ITA No. 1235(Bang)/2010; AY- 2006- 07

Facts:– The taxpayer was engaged in the business of software development, marketing and sale of ‘tally’ branded financial accounting and management software. On 31 January, 2006 it sold its intellectual property rights including patent, copyrights and trademarks (`IPR’) to Tally Solutions FZLLC, Dubai (Tally Dubai) for a total considera

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