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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Payment of royalty - Revenue expenditure or capital expenditure ...

Case Laws     Income Tax

September 20, 2012

Payment of royalty - Revenue expenditure or capital expenditure - assessee never became the owner of such know-how but was merely granted a licence to use the same in manufacturing process. - held as revenue in nature - AT

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