Nature of expenditure - the features of agreement clearly ...

Tribunal Rules Payment as License Fee, Not Capital Asset Acquisition; Classified as Revenue Expenditure Under Agreement.

November 14, 2015

Case Laws Income Tax AT

Nature of expenditure - the features of agreement clearly established that what was obtained by the assessee was only a licence and what was paid by the assessee to the foreign collaborator was only a licence fee and not the price for acquisition of any capital asset and, therefore, the Tribunal was right in treating the amount as revenue expenditure - AT

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Nature of expenditure - the features of agreement clearly ...

Tribunal Rules Payment as License Fee, Not Capital Asset Acquisition; Classified as Revenue Expenditure Under Agreement.

November 14, 2015

Case Laws Income Tax AT

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