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Income Tax - Highlights / Catch Notes

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Disallowance of claim of royalty payment - The royalty amount is ...

Income Tax

May 19, 2015

Disallowance of claim of royalty payment - The royalty amount is paid to provide operational and commercial support. Under these set of facts, we are of the view that the royalty amount paid by the assessee should be treated as revenue expenditure only - AT

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