ITAT and High Court uphold capital gains tax on self-developed technical know-how sale due to section 55 amendment.

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....Sale of self-developed technical know-how - whether chargeable to tax - AO held as revenue receipt - ITAT held that appellant was liable for capital gains tax in view of the amendment made in section 55 with effect from the assessment year 1998-99 - order of ITAT sustained - HC....