Disallowance of licence fee - Issue of cash system/mercantile ...

License Fee Disallowance Unchanged by Accounting Method; Advance Paid in FY 2005-06 Recognized in FY 2006-07.

December 26, 2020

Case Laws Income Tax AT

Disallowance of licence fee - Issue of cash system/mercantile system of accounting is not having any impact on the issue under consideration because the amount of advance licence fees paid during Financial Year 2005-06 was just an advance and it converted into expenditure during Financial Year 2006-07 (Assessment Year 2007-08). - AT

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Disallowance of licence fee - Issue of cash system/mercantile ...

License Fee Disallowance Unchanged by Accounting Method; Advance Paid in FY 2005-06 Recognized in FY 2006-07.

December 26, 2020

Case Laws Income Tax AT

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