https://www.taxtmi.com/caselaws?id=2085 Compensation for surrender of trade mark user rights and the right to manufacture under an established brand was treated as capital in nature because it represented relinquishment of a source of income and part of the profit-making structure, not ordinary trading receipts. The receipt could not be characterised as revenue merely because other business activities continued. The consideration, however, required apportionment between goodwill/trade mark rights and the manufacturing right, and the assessee's own bifurcation was found unsupported by material, requiring recomputation on a proper basis. en-us Fri, 07 Apr 2006 00:00:00 +0530 Sat, 15 Jun 2013 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2085 Compensation for surrender of trade mark user rights and the right to manufacture under an established brand was treated as capital in nature because it represented relinquishment of a source of income and part of the profit-making structure, not ordinary trading receipts. The receipt could not be characterised as revenue merely because other business activities continued. The consideration, however, required apportionment between goodwill/trade mark rights and the manufacturing right, and the assessee's own bifurcation was found unsupported by material, requiring recomputation on a proper basis. Case-Laws Income Tax Fri, 07 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2085