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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Capitalization of license fee and royalty expenditure - The ...


License and Royalty Fees to Indian Government Deemed Revenue Expenses, Accepted for Tax Purposes by Revenue Authorities.

May 20, 2017

Case Laws     Income Tax     AT

Capitalization of license fee and royalty expenditure - The license fee and the royalty fee to the Government of India is on a year to year basis and this fact was never disputed by the Revenue at any point of time and thus the same has to be held as revenue in nature - AT

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