Disallowance of the professional fees on patent - revenue or ...

Patent Registration Fees: Revenue, Not Capital Expenditure, Says Evaluation on Income Tax Implications.

March 7, 2020

Case Laws Income Tax AT

Disallowance of the professional fees on patent - revenue or capital expenditure - The fact that a trade mark after registration could be separately assigned, and not as a part of the good will of the business only, does not also make the expenditure for registration a capital expenditure. That is only an additional and incidental facility given to the owner of the trade mark. It adds nothing to the trade mark itself - AT

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Disallowance of the professional fees on patent - revenue or ...

Patent Registration Fees: Revenue, Not Capital Expenditure, Says Evaluation on Income Tax Implications.

March 7, 2020

Case Laws Income Tax AT

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