No (Indian) tax on transfer of foreign intangible assets rules Delhi HC

This past Monday, the Delhi High Court's BD Ahmed and Sanjeev Sachdeva JJ delivered a significant ruling regarding the taxation on the transfer of intangible intellectual property. 

ruled on the scope of S. 9 of the Income Tax Act to state that transfer of intangible assets like intellectual property in the form of logos, brands and trademarks, which are capital assets but are intangible in nature, whose owners were based out of India could not be taxed in India . . .

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