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Case Lawsuit Title
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Case / Trial ID Number
Jurisdiction Code
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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)
Joint Commissioner Of Income Tax
Respondent / Defendant
The Gramophone Co. Of India Ltd.
Dispute Summary
The Revenue appealed against the CIT(A)'s decision that deleted an addition of Rs. 4 crores made by the AO concerning the transfer of copyrights of 690 film songs to a subsidiary for Rs. 6 crores. The Tribunal upheld the CIT(A)'s view, stating that suspicion cannot be the sole basis for fixing tax liability and the AO cannot substitute his estimated price over the actual consideration received.
Outcome / Ruling
defendant_favorable
Verdict Document PDF URL
Full text judgment
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