{"id":65032,"date":"2026-10-15T06:20:06","date_gmt":"2026-10-15T00:50:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ambalal-sarabhai-enterprises-ltd-v-dy-cit-2026-486-itr-598-185-taxmann-com-647-gujhc\/"},"modified":"2026-10-15T06:20:06","modified_gmt":"2026-10-15T00:50:06","slug":"ambalal-sarabhai-enterprises-ltd-v-dy-cit-2026-486-itr-598-185-taxmann-com-647-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ambalal-sarabhai-enterprises-ltd-v-dy-cit-2026-486-itr-598-185-taxmann-com-647-gujhc\/","title":{"rendered":"Ambalal Sarabhai Enterprises Ltd. v. Dy. CIT (2026) 486 ITR 598 \/ 185 taxmann.com 647 (Guj)(HC)"},"content":{"rendered":"<p>Held that no case is made out for taxing consideration for sale of trade marks as profits chargeable to tax or benefit or perquisite arising from exercise of business. Consideration for assignment of trade marks is not value of any benefit or perquisite arising from business or a profession as these are self-generated. No case made out for taxing consideration for sale of trade marks as profits chargeable to tax.(AY. 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(iv): Business income-Value of any benefit or perquisites-Converted into money or not-Assignment of trade mark-Not value of any benefit or perquisite arising from business-No case made out for taxing consideration for sale of trade marks as profits chargeable to tax.[S.41(1), 260A]  <\/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-65032","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gUU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65032","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=65032"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65032\/revisions"}],"predecessor-version":[{"id":65033,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65032\/revisions\/65033"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}