Royalty paid to Suzuki Motor Corporation Japan by Maruti Suzuki India Ltd. for use of licensed information is revenue expenditure

Advocate Akhilesh Kumar Sah Maruti Suzuki India Ltd. Vs ACIT (ITAT Delhi) The royalty paid to Suzuki Motor Corporation Japan by Maruti Suzuki India Ltd. for the use of licensed information held to be revenue expenditure An expenditure whether pertains to capital or a revenue one has remained controversial in many cases. Help in resolving this issue is taken from the decided cases, on the facts and circumstances of the particular case with reference to Income Tax Act. Recently, in Maruti Suzuki India Ltd. vs. ACIT [ITA No.-6021/Del/2012, decided on 09.11.2017], amongst 19 grounds raised in th...