https://www.taxtmi.com/caselaws?id=65839 The Appellate Tribunal partially allowed the appeal filed by the assessee, ruling in favor of the assessee on the issues of partial sustenance of disallowances on various expenses and the disallowance of royalty payment. The Tribunal held that the payment of royalty was a deductible business expense based on the partnership deed and legal precedents cited, deleting the disallowance of Rs. 60,000. Additionally, the Tribunal directed the inclusion of the amount received by the partner in his income for equity, despite it not being raised by the Department. en-us Fri, 23 Feb 2001 00:00:00 +0530 Fri, 18 Feb 2011 18:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65839 The Appellate Tribunal partially allowed the appeal filed by the assessee, ruling in favor of the assessee on the issues of partial sustenance of disallowances on various expenses and the disallowance of royalty payment. The Tribunal held that the payment of royalty was a deductible business expense based on the partnership deed and legal precedents cited, deleting the disallowance of Rs. 60,000. Additionally, the Tribunal directed the inclusion of the amount received by the partner in his income for equity, despite it not being raised by the Department. Case-Laws Income Tax Fri, 23 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65839