https://www.taxtmi.com/highlights?id=62878 Revenue Recognition - gain on sale / Assignment of Intellectual Property Rights (IPR) - The assessee did not receive the sum in question for giving up any source of income as the assessee was free to exploit independently owned IPR as well as Foreground information and therefore the argument that the sum received is capial receipt for losing a source of income and therefore not chargeable to tax, is devoid of any merits. - AT en-us Tue, 12 Apr 2022 10:11:40 +0530 Tue, 12 Apr 2022 10:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62878 Revenue Recognition - gain on sale / Assignment of Intellectual Property Rights (IPR) - The assessee did not receive the sum in question for giving up any source of income as the assessee was free to exploit independently owned IPR as well as Foreground information and therefore the argument that the sum received is capial receipt for losing a source of income and therefore not chargeable to tax, is devoid of any merits. - AT Highlights Income Tax Tue, 12 Apr 2022 10:11:40 +0530 https://www.taxtmi.com/highlights?id=62878