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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

The expenditure incurred by the assessee towards royalty and fee ...


Taxpayer's Royalty and Technical Assistance Fees Deemed Revenue Expenditure, Not Capital Expenditure Under License Agreement.

March 9, 2017

Case Laws     Income Tax     HC

The expenditure incurred by the assessee towards royalty and fee for technical assistance in pursuance of the licence agreement were revenue expenditure and not capital in nature - HC

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