Nature of expenses - payment of royalty - revenue or capital ...

Case Laws Income Tax

November 3, 2023

Nature of expenses - payment of royalty - revenue or capital expenditure - Permission to user the name and Trade Mark - Royalty is payable on the basis of Annual Sales Turnover - No new asset was acquired by the assessee. The assessee merely acted as user. - CIT(A) rightly allowed the same as revenue expenditure - AT

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Nature of expenses - payment of royalty - revenue or capital ...

Case Laws Income Tax

November 3, 2023

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