Right to manufacture recognised as akin to goodwill, aligning such proprietary rights with capital asset treatment under amended tax provision. Section 55 is amended to treat a right to manufacture, produce or process any article or thing alongside goodwill of a business by inserting that phrase after references to goodwill in the relevant clause of sub-section (1) and the corresponding clause of sub-section (2), aligning the legal characterisation of such rights with goodwill within the section's operative scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right to manufacture recognised as akin to goodwill, aligning such proprietary rights with capital asset treatment under amended tax provision.
Section 55 is amended to treat a right to manufacture, produce or process any article or thing alongside goodwill of a business by inserting that phrase after references to goodwill in the relevant clause of sub-section (1) and the corresponding clause of sub-section (2), aligning the legal characterisation of such rights with goodwill within the section's operative scheme.
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