Payment of royalty - Revenue expenditure or capital expenditure ...

Royalty Payment Classified as Revenue Expenditure; Assessee Granted License, Not Ownership, of Know-How.

September 20, 2012

Case Laws Income Tax AT

Payment of royalty - Revenue expenditure or capital expenditure - assessee never became the owner of such know-how but was merely granted a licence to use the same in manufacturing process. - held as revenue in nature - AT

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Payment of royalty - Revenue expenditure or capital expenditure ...

Royalty Payment Classified as Revenue Expenditure; Assessee Granted License, Not Ownership, of Know-How.

September 20, 2012

Case Laws Income Tax AT

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