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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Franchise fees - payment as a franchise fee by the assessee was ...


Franchise Fee for Support Services Classified as Revenue Expenditure, Not Just Business Fee for Restaurant Operations.

July 2, 2012

Case Laws     Income Tax     AT

Franchise fees - payment as a franchise fee by the assessee was not only a business fee for use of support service like running and up-keeping the restaurant. - held as revenue expenditure - AT

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