IT/ILT: Where non-resident-company provided technology/know-how in form of capital contribution, tax was required to be deducted at source on issue of shares

IT/ILT: Where non-resident-company provided technology/know-how in form of capital contribution, tax was required to be deducted at source on issue of shares


IT: Where there was no transfer of capital asset, and joint venture agreement allowed assessee only right to use know-how, issue of shares for same constituted royalty

IT: Application for non-deduction of tax at source made under section 195(2), instead of section 195(3), is invalid



[2013] 36 taxmann.com 291 (Bangalore - Trib.)

IN THE ITAT BANGALORE BENCH 'A'

BIOCON Biopharmaceuticals (P.) Ltd.