ITAT directed AO to delete the additions made on account of capitalization of royalty expenses as they were revenue in nature


Last updated: 01 December 2021

Court :
ITAT Delhi

Brief :
The Hon'ble Income Tax Appellate Tribunal, Delhi ("ITAT") in the matter of Honda Motorcycle and Scooter India Pvt. Ltd. v.  ACIT, Circle: 4 (1) New Delhi [ITA. No. 477/Del/2021 dated November 09, 2021], directed the Assessing Officer ("AO") to delete addition on account of capitalisation of royalty expenses by holding it to be revenue in nature as the assessee did not acquire any new asset or any new enduring benefit from it.

Citation :
ITA. No. 477/Del/2021 dated November 09, 2021

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Bimal Jain
Published in Income Tax
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