https://www.taxtmi.com/highlights?id=2312 Royalty payment - Capital expenditure or not - The assessee acquired no right to any secret process or formulae or even any right title and interest in the trade marks and brands under which the IMFL products were sold. As a matter of fact assessee's rights were co-terminus with the subsistence of the said agreement. - held as revenue expenditure.... - HC en-us Thu, 08 Dec 2011 11:24:05 +0530 Thu, 08 Dec 2011 11:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2312 Royalty payment - Capital expenditure or not - The assessee acquired no right to any secret process or formulae or even any right title and interest in the trade marks and brands under which the IMFL products were sold. As a matter of fact assessee's rights were co-terminus with the subsistence of the said agreement. - held as revenue expenditure.... - HC Highlights Income Tax Thu, 08 Dec 2011 11:24:05 +0530 https://www.taxtmi.com/highlights?id=2312