https://www.taxtmi.com/caselaws?id=77048 The High Court granted condonation of delay in re-filing the appeal and upheld the rulings of the lower authorities regarding the royalty payment issue. The court determined that the royalty fees paid by the assessee constituted revenue expenditure as they were directly related to sales and did not provide any enduring benefits after agreement termination. The appeal was dismissed, affirming that the royalty fee was a revenue expense, in line with the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal. en-us Wed, 14 Jul 2010 00:00:00 +0530 Tue, 06 Sep 2011 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77048 The High Court granted condonation of delay in re-filing the appeal and upheld the rulings of the lower authorities regarding the royalty payment issue. The court determined that the royalty fees paid by the assessee constituted revenue expenditure as they were directly related to sales and did not provide any enduring benefits after agreement termination. The appeal was dismissed, affirming that the royalty fee was a revenue expense, in line with the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal. Case-Laws Income Tax Wed, 14 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77048