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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Royalty paid treated as capital expenses - the assessee company ...


Royalty Payments Classified as Revenue Expenditure Due to Lack of Ownership Rights or Asset Acquisition by Company.

September 20, 2014

Case Laws     Income Tax     AT

Royalty paid treated as capital expenses - the assessee company did not obtain any proprietary or ownership right of trademark or knowhow, no asset was created or acquired - held as revenue expenditure - AT

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