https://www.taxtmi.com/highlights?id=36054 Addition towards Licence expenses - The invoice value was shown as its income and the amount paid to its AE was shown as Licence fee expenditure in its Annual accounts. We are at loss to appreciate as to how the assessee can be said to have created an ‘Intangible asset’ by paying the Licence fee to its AE in respect of sales made - No additions en-us Thu, 24 Aug 2017 10:27:12 +0530 Thu, 24 Aug 2017 10:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36054 Addition towards Licence expenses - The invoice value was shown as its income and the amount paid to its AE was shown as Licence fee expenditure in its Annual accounts. We are at loss to appreciate as to how the assessee can be said to have created an ‘Intangible asset’ by paying the Licence fee to its AE in respect of sales made - No additions Highlights Income Tax Thu, 24 Aug 2017 10:27:12 +0530 https://www.taxtmi.com/highlights?id=36054