INCOME TAX: Where assessee received a consideration for assignment of know how relating to scientific, medical and technical documents relating to manufacture of an oncology product under development, since cost of acquisition of know-how under development being a self-generated asset was not ascertainable, consideration for transfer thereof could not be brought to tax under head 'capital gains'
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191360/itat-slams-ao-for-computing-capital-gains-on-know-how-as-its-cost-of-acquisition-wasn’t-ascertainable.aspx
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