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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Nature of royalty expenses - the Agreement in question was ...


Royalty Expenses for Plant Project Deemed Capital Expenditures, Not Revenue, Affecting Financial Reporting and Tax Liabilities.

June 13, 2017

Case Laws     Income Tax     SC

Nature of royalty expenses - the Agreement in question was crucial for setting up of the plant project in question for manufacturing of the goods, the expenditure in the form of royalty paid would be in the nature of capital expenditure and not revenue expenditure - SC

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