https://www.taxtmi.com/highlights?id=47726 Disallowance of royalty - capital OR revenue expenditure - The ownership/ proprietary rights in the technical know-how continue to vest in lithe censor and the assessee is not authorised to transfer, assign or convey the know how/technical information to any third party - payment was for mere use of technical know-how, not resulting in any enduring benefit - revenue exp. en-us Sat, 06 Jul 2019 08:00:30 +0530 Sat, 06 Jul 2019 08:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47726 Disallowance of royalty - capital OR revenue expenditure - The ownership/ proprietary rights in the technical know-how continue to vest in lithe censor and the assessee is not authorised to transfer, assign or convey the know how/technical information to any third party - payment was for mere use of technical know-how, not resulting in any enduring benefit - revenue exp. Highlights Income Tax Sat, 06 Jul 2019 08:00:30 +0530 https://www.taxtmi.com/highlights?id=47726