{"id":6159,"date":"2019-07-19T10:05:07","date_gmt":"2019-07-19T10:05:07","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dcit-v-asian-paints-ppg-pvt-ltd-mum-trib-ur-2\/"},"modified":"2019-07-19T10:05:07","modified_gmt":"2019-07-19T10:05:07","slug":"dcit-v-asian-paints-ppg-pvt-ltd-mum-trib-ur-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-asian-paints-ppg-pvt-ltd-mum-trib-ur-2\/","title":{"rendered":"DCIT v.  Asian Paints PPG Pvt. Ltd. (Mum.)(Trib.)(UR)"},"content":{"rendered":"<p>Tribunal held that that the assessee had merely obtained access to technical knowledge with regard to technique of production and the right to use of trademarks of the licensor for a year. There was no absolute transfer of the know how and the license granted was neither exclusive nor transferable.\u00a0 It held that this has not led to the benefit of enduring nature will constitute \u2018acquisition of an asset\u2019 and any amount for the same will constitute capital expenditure. \u00a0Accordingly the appeal of revenue is dismissed. Followed CIT v. Ciba of India Ltd (1968) 69 ITR 692(SC) \u00a0(ITA No. 6548 \/Mum\/ 2017 dt 22-05 -2019)(AY. 2012-13)<\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=13GNqKe-9c-yHNa-cTIf-jQeJ0avABUQg\">[Click hereto download PDF file]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure\u2013Capital or revenue\u2013Royalty paid for license to use is held to be revenue expenditure.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6159","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Bl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=6159"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6159\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}