https://www.taxtmi.com/caselaws?id=202805 The Tribunal upheld the CIT(A)'s decisions on all three issues: disallowance of amortized license fee expenditure, disallowance of amortized development fee expenditure, and addition of unearned income. The Tribunal found that the expenditures were necessary for business operations, directly related to profit-earning, and in line with accounting principles. The revenue recognition method followed by the assessee was deemed appropriate, leading to the dismissal of the Department's appeal. en-us Tue, 26 May 2009 00:00:00 +0530 Tue, 22 Mar 2016 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202805 The Tribunal upheld the CIT(A)'s decisions on all three issues: disallowance of amortized license fee expenditure, disallowance of amortized development fee expenditure, and addition of unearned income. The Tribunal found that the expenditures were necessary for business operations, directly related to profit-earning, and in line with accounting principles. The revenue recognition method followed by the assessee was deemed appropriate, leading to the dismissal of the Department's appeal. Case-Laws Income Tax Tue, 26 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202805