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Valuation of Immovable Properties for various purposes such as Wealth tax, Income tax, capital Gain tax calculation, Visa purposes, Bank Security Mortgage, Property distribution in Family or amongst Partners, O.D Purposes against Property, Rental Calculations, Stamp Duty Calculation, Insurance of Property, House Tax Calculations, Valuations of big areas of land by Developers method and many more purposes

Property Valuation - Technological Know-how

The Mumbai High Court in its judgement in the case of C.I.T. Vs. M/s. Baker India Pvt. Ltd., 40196, ITR 667, held that a ‘Technical Know-how’ constitutes the plant. The expression plant does not necessarily mean something fixed in location, but should be construed in a wider sense of indicated / introduced operation. It is always difficult to arrive at a precise value to put on a rather abstract concept like the ‘know-how’. Therefore, in deciding the quantum of compensation to be paid for transfer of technological ‘know-how’. Therefore, in deciding the quantum of compensation to be paid for transfer of technological ‘know-how’ a third party, like authorised valuer’s opinion, is the most desired thing to obtain. At times, the compensation towards ‘know-how’ is made through equity participation and the valuer’s report recorded in books becomes a must to regularize the transactions.