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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

TPA - payment of royalty - Since the nature of payment was ...


DRP and Tribunal Confirm Payment as Revenue Expenditure, Aligning with Commissioner of Income Tax (Appeals) Decision.

July 19, 2016

Case Laws     Income Tax     AT

TPA - payment of royalty - Since the nature of payment was examined by DRP and it was found as revenue expenditure and the direction of the DRP attained finality, this Tribunal is of the considered opinion that the CIT(Appeals) has rightly found that the payment was revenue in nature. - AT

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