Deferment of income over 5 years was justified if assessee had granted use of its trademark for period of 5 years

IT: Where pursuant to infrastructure and facility management agreement entered between assessee and third party, assessee had given its trademark 'Vibes' for a period of five years and received consideration, since agreement was valid for a period of five years and assessee had to carry on certain activities throughout period of five years by taking participation into management of business affairs of Vibes clinic among other responsibilities, assessee was justified in deferring income over a pe

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