Plaintiff Favorable
at Income Tax Appellate Tribunal - Hyderabad
3 plaintiff favorable decisions from Income Tax Appellate Tribunal - Hyderabad.
Plaintiff Favorable Decisions
3 cases | Page 1 of 1
Matrix Laboratories Ltd. v.Income Tax
The assessee, Matrix Laboratories Ltd., appealed against the Assessing Officer's order regarding various deductions. A key issue was whether patent infringement income received from Les Laboratories Servier related to 'Perindopril' could be included in export turnover for Section 10B deduction. The Tribunal also addressed the disallowance of superannuation contributions.
Spade Electro (P.) Ltd. v.Assistant Commissioner
The appeal primarily concerned whether Rs. 3,00,000 received by Spade Electro (P.) Ltd. from M/s. Elektro Flame Ltd. for surrendering exclusive know-how and the right to use the 'ELEKTRO' trademark was a capital or revenue receipt. The Tribunal ultimately allowed the appeal in part, setting aside the CIT(A)'s order on certain issues.
Desu Venkata Subba Rao v.Wealth-Tax Officer
The assessee challenged the inclusion of the value of his registered trade mark 'Triveni' in his net wealth computation under wealth tax laws. The Tribunal ultimately allowed the appeal, ruling that while a trade mark is an asset, its valuation should not be included in the global assessment unless specific statutory requirements are met or if it was purchased as part of goodwill.
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