{"id":61537,"date":"2026-07-02T09:40:34","date_gmt":"2026-07-02T04:10:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/johnson-johnson-p-ltd-v-dcit-2025-234-ttj-249-171-taxmann-com-619-mumtrib\/"},"modified":"2026-07-02T09:40:34","modified_gmt":"2026-07-02T04:10:34","slug":"johnson-johnson-p-ltd-v-dcit-2025-234-ttj-249-171-taxmann-com-619-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/johnson-johnson-p-ltd-v-dcit-2025-234-ttj-249-171-taxmann-com-619-mumtrib\/","title":{"rendered":"Johnson &#038; Johnson (P) Ltd. v. DCIT (2025) 234 TTJ 249\/ 171 taxmann.com 619 (Mum)(Trib)"},"content":{"rendered":"<p>Held that since both the trade marks were acquired by the assessee prior to the amendment of s. 32(1) w.e.f. 1st April, 1999; there is no question of allowance of depreciation on the said trade marks and, therefore, the conditions for the applicability of S. 50 are not satisfied, and consequently, the capital gains which accrued to the assessee on the transfer of trade marks are assessable as long-term capital gains and not as short-term capital gains. (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\nS. 50: Capital gains-Depreciable assets-Block of assets-Sale of trade marks acquired before amendment of s. 32(1) w.e.f. 1st April, 1999-Assessable as long-term capital gains. [S. 2(11), 32(1), 45] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61537","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g0x","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=61537"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61537\/revisions"}],"predecessor-version":[{"id":61538,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61537\/revisions\/61538"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}