https://www.taxtmi.com/caselaws?id=4676 Trade marks, brand rights and associated goodwill were treated as capital assets that can have an Indian situs where they are commercially exploited in India, so consideration for their transfer was taxable under section 9(1)(i). By contrast, the brewing intellectual property, represented by brewing manuals and technical material, was found to have ceased to have an Indian situs after termination of the prior licence and delivery to the purchaser's nominee, so the related consideration was not taxable in India. An independent valuation report could be used to compute the taxable component, subject to verification by the income-tax authority. en-us Fri, 09 May 2008 00:00:00 +0530 Wed, 06 Aug 2008 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4676 Trade marks, brand rights and associated goodwill were treated as capital assets that can have an Indian situs where they are commercially exploited in India, so consideration for their transfer was taxable under section 9(1)(i). By contrast, the brewing intellectual property, represented by brewing manuals and technical material, was found to have ceased to have an Indian situs after termination of the prior licence and delivery to the purchaser's nominee, so the related consideration was not taxable in India. An independent valuation report could be used to compute the taxable component, subject to verification by the income-tax authority. Case-Laws Income Tax Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4676