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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Royalty expenditure - Capital expenditure or revenue expenditure ...

Case Laws     Income Tax

December 5, 2014

Royalty expenditure - Capital expenditure or revenue expenditure - music / songs - the capital amount or asset so created would be of a minuscule value and there would be a minimal tax effect - accounts should not be re-written because of the smallness and minimum tax effect - HC

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