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Sum received on assignment of patent is taxable as capital gains: Mumbai ITAT

February 16, 2017[2017] 78 188 (Mumbai - Trib.)/[2017] 187 TTJ 598 (Mumbai - Trib.)

IT : Amount received from assignment of patent is taxable as capital gain under section 55(2)(a) and its cost has to be taken at Rs. Nil

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