https://www.taxtmi.com/highlights?id=59029 Royalty payment to FCC Co. Ltd., Japan - revenue or capital expenditure - Either having 50% control or 100% control that will not change the colour of nature of expenditure, because the royalty payment is for manufacturing or sale of manufactured products using the technical information and know-how. Precisely on these facts and circumstances the jurisdictional High Court in series of judgments have held that such a nature of payment of royalty is always a revenue expenditure. - AT en-us Tue, 03 Aug 2021 15:54:03 +0530 Tue, 03 Aug 2021 15:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59029 Royalty payment to FCC Co. Ltd., Japan - revenue or capital expenditure - Either having 50% control or 100% control that will not change the colour of nature of expenditure, because the royalty payment is for manufacturing or sale of manufactured products using the technical information and know-how. Precisely on these facts and circumstances the jurisdictional High Court in series of judgments have held that such a nature of payment of royalty is always a revenue expenditure. - AT Highlights Income Tax Tue, 03 Aug 2021 15:54:03 +0530 https://www.taxtmi.com/highlights?id=59029