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Case Lawsuit Title
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Case / Trial ID Number
Jurisdiction Code
*
us
in
upc
eu
Category
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Patent
Trademark
Copyright
Design
Filing Date
Decision Verdict Date
Court / Tribunal
Bench / Panel Judges
Petitioner / Claimant (Plaintiff)
Albright And Wilson Ltd.
Respondent / Defendant
Income-Tax Officer
Dispute Summary
The dispute concerned whether the consideration received by Albright And Wilson Ltd. from selling its technical know-how and two Indian patents to an Indian company was taxable under Capital Gains provisions. The Income Tax Officer initially taxed the amount, but the Tribunal ultimately held that since the asset had a cost (though difficult to determine), the transfer attracted capital gains liability.
Outcome / Ruling
dismissed
Verdict Document PDF URL
Full text judgment
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