However the rule of ejusdem generis can be made applicable to the said concept. The scope of the rule is that words of a general nature following specific and particular words shoud be construed as limited to things which are of the same nature as those specified. The expression in section 32(1)(ii) of the IT Act, 1961 specifies "any other business or commercial rights of similar nature" would include such rights which can be used as a tool to carry on the business. If this test is applied then rights acquired by the assessee under the agreement would fall within the expression mentioned above. Refer for more :- SKYLINE CATERERS (P) LIMITED vs INCOME TAX OFFICER, ITAT, MUMBAI, ITA NO.2965/MUM/2007; ASST YEAR 2003-04, 28TH DECEMBER, 2007 (2008) 13 DTR (MUMBAI) TRIBUNAL 150.

However the rule of ejusdem generis can be made applicable to the said concept. The scope of the rule is that words of a general nature following specific and particular words shoud be construed as limited to things which are of the same nature as those specified. The expression in section 32(1)(ii) of the IT Act, 1961 specifies "any other business or commercial rights of similar nature" would include such rights which can be used as a tool to carry on the business. If this test is applied then rights acquired by the assessee under the agreement would fall within the expression mentioned above. Refer for more :- SKYLINE CATERERS (P) LIMITED vs INCOME TAX OFFICER, ITAT, MUMBAI, ITA NO.2965/MUM/2007; ASST YEAR 2003-04, 28TH DECEMBER, 2007 (2008) 13 DTR (MUMBAI) TRIBUNAL 150.

thank you.

Thanjs sameer a good work.

Thanks sameer a good work.

Sunny Honey

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