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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