https://www.taxtmi.com/caselaws?id=65099 The Tribunal upheld the CIT(A)'s decision, ruling that the license fee paid to M/s Nirmal Towers was a revenue expenditure necessary for earning income. The Department's arguments regarding the absence of agreements and enduring benefit were insufficient to challenge the revenue nature of the expenditure. The Tribunal noted the consistent allowance of the deduction in previous assessments and affirmed the CIT(A)'s order, dismissing the appeal. en-us Thu, 04 Nov 1999 00:00:00 +0530 Sat, 12 Feb 2011 13:14:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65099 The Tribunal upheld the CIT(A)'s decision, ruling that the license fee paid to M/s Nirmal Towers was a revenue expenditure necessary for earning income. The Department's arguments regarding the absence of agreements and enduring benefit were insufficient to challenge the revenue nature of the expenditure. The Tribunal noted the consistent allowance of the deduction in previous assessments and affirmed the CIT(A)'s order, dismissing the appeal. Case-Laws Income Tax Thu, 04 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65099