ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50

ITAT ruled that capital gains from trademark sale by Johnson & Johnson are long-term, stating non-eligibility for depreciation. This decision clarifies the tax treatment of trademark sales. It underscores the importance of accurate classification. This ruling reflects the tribunal's emphasis on legal interpretation. It emphasizes the need for clear guidelines. The ruling aims to ensure consistent application of tax laws.