https://www.taxtmi.com/caselaws?id=151059 The Hon'ble Delhi High Court ruled that royalty payments were revenue expenditures, not capital, directing the AO to allow relief to the assessee for both years. ISO certification charges were considered annual payments and treated as revenue expenditure. The issue of development charges was remanded to the AO for further examination. Disallowance of QS 9000 and FTPM certification charges was set aside for the AO to reevaluate. Depreciation on computer peripherals was subject to examination by the AO to determine eligibility for 60% depreciation. Appeals for AY 2003-04 and 2004-05 were allowed for statistical purposes. en-us Thu, 17 Dec 2009 00:00:00 +0530 Thu, 06 Jun 2013 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151059 The Hon'ble Delhi High Court ruled that royalty payments were revenue expenditures, not capital, directing the AO to allow relief to the assessee for both years. ISO certification charges were considered annual payments and treated as revenue expenditure. The issue of development charges was remanded to the AO for further examination. Disallowance of QS 9000 and FTPM certification charges was set aside for the AO to reevaluate. Depreciation on computer peripherals was subject to examination by the AO to determine eligibility for 60% depreciation. Appeals for AY 2003-04 and 2004-05 were allowed for statistical purposes. Case-Laws Income Tax Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151059