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Receipt on settlement of dispute on use of trademark is tax free when trademark itself is cancelled

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  • Receipt on settlement of dispute on use of trademark is tax free when trademark itself is cancelled
Posted onon November 4, 2016

tenet-tax-daily-august-25-2016

By tenettax-team
Corporate Tax

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Exp. incurred by Tamil Nadu Tourism Corporation to maintain ‘Thiruvalluvar Statue’ is revenue exp.
Statement of senior partner couldn’t be retracted on pretext that he had no knowledge of business

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