https://www.taxtmi.com/caselaws?id=206587 The Tribunal upheld the CIT(A)'s decisions to delete disallowances and additions made by the AO. The disallowance of royalty expenses was deemed allowable under section 37(1) of the Act as revenue in nature. The addition of consultancy charges was found reasonable for business purposes. The disallowance of advertisement and sale promotion expenses was overturned as it solely benefited the assessee. An unargued ground regarding disallowance was dismissed as infructuous. The Tribunal's decision aligned with consistency and past precedents, ultimately dismissing the revenue's appeals. en-us Fri, 21 Oct 2011 00:00:00 +0530 Tue, 08 Nov 2011 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206587 The Tribunal upheld the CIT(A)'s decisions to delete disallowances and additions made by the AO. The disallowance of royalty expenses was deemed allowable under section 37(1) of the Act as revenue in nature. The addition of consultancy charges was found reasonable for business purposes. The disallowance of advertisement and sale promotion expenses was overturned as it solely benefited the assessee. An unargued ground regarding disallowance was dismissed as infructuous. The Tribunal's decision aligned with consistency and past precedents, ultimately dismissing the revenue's appeals. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206587