High Court held that compensation received for termination of trademark rights in AY 1997-98 was a capital receipt. Since Section 28(va) was inserted prospectively from 01.04.2003, it could not apply to relevant year.
The post ₹4.5 Cr for Loss of ‘ENO’ & ‘Fruit Salt’ Trademark is Capital Receipt: P&H HC appeared first on TaxGuru.
