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.
Property Valuation for
- Income Tax
- Capital Gain Tax
- Wealth Tax
- Dissolution of a Partnership
- Rent and Depreciation
- Jewellery
- Property Transfer
- Purchase, Sale, Takeovers and Mergers
- Credits
- Bank Guarantees
- Projecting the Right Image
- Rupee Devaluation / Revaluation
- Advance payment against works contract
- Incentives
- Security with Power Supply Companies
- Duty Draw-Back and Export Incentives
- Foreign Collaboration
- Technological Know-how
- Import Duty
- Octroi
- Auction
- Vacating Premises
- Machine Rent
- S.S.I. Registration
- Hidden Costs
- General Insurance and Insurance Cover
- Stamp Duty
- Acquisition by Government
- Liquidator’s Role
- Co-op. Society and Charitable Trusts
- Last Testaments and Wills
- Visas
- Executive Perks
- Housing Loans
- Division of Assets in the Family
- Divorce
- Larger Public Interests
Creative Ideas
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