https://www.taxtmi.com/caselaws?id=330496 The court held that the income from the transfer of trademarks and intellectual property rights was not taxable in India under the Income Tax Act, 1961. The court disagreed with the ruling of the Authority for Advance Rulings (AAR) and concluded that the situs of the intangible assets should follow the situs of the owner, which in this case was Australia. As a result, the writ petition was allowed, and no costs were awarded. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 20 Jan 2017 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330496 The court held that the income from the transfer of trademarks and intellectual property rights was not taxable in India under the Income Tax Act, 1961. The court disagreed with the ruling of the Authority for Advance Rulings (AAR) and concluded that the situs of the intangible assets should follow the situs of the owner, which in this case was Australia. As a result, the writ petition was allowed, and no costs were awarded. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330496