Addition towards Licence expenses - The invoice value was shown ...

Confusion over License Fee Payment as Intangible Asset; No Income Additions Made in Transaction.

August 24, 2017

Case Laws Income Tax AT

Addition towards Licence expenses - The invoice value was shown as its income and the amount paid to its AE was shown as Licence fee expenditure in its Annual accounts. We are at loss to appreciate as to how the assessee can be said to have created an ‘Intangible asset’ by paying the Licence fee to its AE in respect of sales made - No additions

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Addition towards Licence expenses - The invoice value was shown ...

Confusion over License Fee Payment as Intangible Asset; No Income Additions Made in Transaction.

August 24, 2017

Case Laws Income Tax AT

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