https://www.taxtmi.com/caselaws?id=60346 The Tribunal allowed the appeal in part, reversing the lower authorities' decisions on the taxability of compensation for the trade mark use and the deduction of recoveries from guest house expenses. The Tribunal held that since no consideration was paid to acquire the right to use the trade mark 'Savlon,' the compensation received was not subject to capital gains tax. Additionally, recoveries from employees for their stay in guest houses were deemed justified and deductible from guest house expenses. The Tribunal dismissed the grounds not pressed by the assessee. en-us Thu, 18 Oct 2001 00:00:00 +0530 Tue, 04 Jan 2011 17:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60346 The Tribunal allowed the appeal in part, reversing the lower authorities' decisions on the taxability of compensation for the trade mark use and the deduction of recoveries from guest house expenses. The Tribunal held that since no consideration was paid to acquire the right to use the trade mark 'Savlon,' the compensation received was not subject to capital gains tax. Additionally, recoveries from employees for their stay in guest houses were deemed justified and deductible from guest house expenses. The Tribunal dismissed the grounds not pressed by the assessee. Case-Laws Income Tax Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60346