https://www.taxtmi.com/caselaws?id=781964 HC held that the Brand Acquisition Agreement for the trademark "Crocin" constituted an agreement to sell an intangible asset whose situs follows the owner under the principle "mobilia sequuntur personam." As the assignee was located in the UK, the trademark was deemed to have moved outside India upon assignment, amounting to an export under Section 5(1) of the CST Act. Consequently, the transaction was not a sale within Maharashtra and was not liable to tax at 4% under Schedule Entry C-I-26 of the Bombay Sales Tax Act, 1959. The sales tax reference was accordingly disposed of. en-us Fri, 21 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781964 HC held that the Brand Acquisition Agreement for the trademark "Crocin" constituted an agreement to sell an intangible asset whose situs follows the owner under the principle "mobilia sequuntur personam." As the assignee was located in the UK, the trademark was deemed to have moved outside India upon assignment, amounting to an export under Section 5(1) of the CST Act. Consequently, the transaction was not a sale within Maharashtra and was not liable to tax at 4% under Schedule Entry C-I-26 of the Bombay Sales Tax Act, 1959. The sales tax reference was accordingly disposed of. Case-Laws VAT / Sales Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781964