Royalty payment to FCC Co. Ltd., Japan - revenue or capital ...

Case Laws Income Tax

August 3, 2021

Royalty payment to FCC Co. Ltd., Japan - revenue or capital expenditure - Either having 50% control or 100% control that will not change the colour of nature of expenditure, because the royalty payment is for manufacturing or sale of manufactured products using the technical information and know-how. Precisely on these facts and circumstances the jurisdictional High Court in series of judgments have held that such a nature of payment of royalty is always a revenue expenditure. - AT

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Royalty payment to FCC Co. Ltd., Japan - revenue or capital ...

Case Laws Income Tax

August 3, 2021

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