Income Tax Appellate Tribunal - Chennai
2 cases · page 1 of 1
Smt. Veena Kumaravel v.Acit, Central Circle - 2 (1)
Smt. Veena Kumaravel appealed an order confirming the levy of capital gains tax on Rs. 6.5 crores received from M/s Groom India Saloon & Spa Pvt. Ltd. The Assessing Officer and CIT(A) treated this amount as capital receipt upon transfer of trademark 'Naturals'. The assessee argued it was only a license deposit, not a sale or transfer.
M/s. Fenner (India) Ltd. v.The Addl. Commissioner of Income Tax, Range I, Kochadai, Madurai
The dispute involved the classification of a lump sum royalty paid by Fenner (India) Ltd. to Fenner, U.K., for the use of the 'FENNER' trade mark. The Assessing Officer treated this payment as capital expenditure, but the Tribunal partially allowed both sides' appeals on different grounds.
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