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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Expenditure on Royalty - Revenue or Capital? - the licensee ...


High Court Rules Royalty Expenditure as Revenue, Restricts Licensee from Exploiting Know-How.

September 3, 2012

Case Laws     Income Tax     HC

Expenditure on Royalty - Revenue or Capital? - the licensee shall have no right to exploit or in any way to use the know-how and shall forthwith discontinue all use of the know-how and shall not thereafter use the know-how - held as revenue in nature - HC

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