Royalty paid to acquire technical know-how to be used in manufacture is capital expenditure

INCOME TAX : Payment of royalty by assessee for obtaining right to use technical know-how for manufacture of a product under licence for more than 11 years, was a capital expenditure not allowable under section 37(1)INCOME TAX : Payment of royalty by assessee for obtaining right to use technical know-how for manufacture of a product under licence for more than 11 years, was a capital expenditure not allowable under section 37(1)www.taxmann.com Latest Case LawsRead More

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