assets the situs thereof has to be
determined by the situs of the owner. This is so because the assets, being
intangible, do not exist ... that intangibles are subject to the
immediate control of the owner and since the intangibles themselves do not
have any real situs, the domicile
India in the hands of non-resident and held that situs of
intangible asset shall be at the location of the owner ... However there is no such specific provision with regard to the
situs of intangible assets, such as trademarks, brands, logos, etc. We in this regard
India in the hands of non-resident and held that situs of
intangible asset shall be at the location of the owner ... However there is no such specific provision with regard to the
situs of intangible assets, such as trademarks, brands, logos, etc. We in this regard
goods on
which sale tax is leviable, then the situs of the intangible
goods has to be determined. In such circumstances, the
trademark ... Delhi)] that the
situs of an intangible asset has to be determined looking at
the situs of the owner of such intangible asset
really undermine this inference. There is no legal principle that the situs of intangible assets such as trade-mark and goodwill would always go with ... issue as regards the situs and as per the law laid down in that case, the situs of intangible goods gets located at the place
have, by some appropriate deeming
fiction, expressly provided for the situs of an intangible asset. This
it has not done, so far as intellectual property ... intangible asset
would be the closest approximation of the situs of his intangible
asset. This is the principle widely used, unless there is a local
situs or local habitation of the shares of the petitioners in Sugauli Sugar Works Limited? It is manifest that the situs of the shares ... title of the indenting transferor.
The essential test in determining the situs of intangible moveables for the purpose of jurisdiction is to ask where
Sabmiller India Ltd, Mumbai vs Acit Cir 11(1)(2), Mumbai on 24 February, 2022
Bangkok. Counsel pleaded that law on the situs of an intangible asset is not very clear because it can be present at different places ... both in tangible as well as intangible form reverted back to its owners in Panama and therefore, the situs of the capital asset transferred
Company 's case (1) at p. 649:
" The situs of an intangible concept like a sale can only be
fixed notionally
