Defendant Favorable
at Income Tax Appellate Tribunal - Chandigarh
2 defendant favorable decisions from Income Tax Appellate Tribunal - Chandigarh.
Defendant Favorable Decisions
2 cases | Page 1 of 1
Department Of Income Tax v.Smithkline Beecham Consumer Health ...
The appeal was filed by the Department of Income Tax against an order regarding assessment year 1997-98. The core dispute involved whether the Rs. 4.5 crore compensation received by Smithkline Beecham Consumer Health upon termination of the 'ENO' and 'Fruit Salt' trademark license agreement constituted a taxable income or capital receipt.
Deputy Commissioner Of Income-Tax v.Chander Mohan
The dispute concerned whether royalties received by Chander Mohan for his patented invention (a hydraulic system for tractors) constituted taxable income. The assessee claimed the receipts were capital in nature because he had irrevocably assigned the patent rights to his employer, CMERI. The Tribunal ultimately ruled that since the assignment was irrevocable and the organization bore the R&D costs, the receipts were not revenue income.
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