https://www.taxtmi.com/caselaws?id=210925 The court ruled in favor of the assessee on both issues. Regarding the treatment of royalty payment as capital expenditure, the tribunal held that the payment was of a revenue nature, not capital, as it was based on net sales and did not confer enduring benefits. On the disallowance of entry for doubtful debts/advances, the court upheld the CIT(Appeals) decision to delete the major portion of the addition, finding the claim admissible under relevant sections of the Income Tax Act. The court dismissed the Revenue's appeal on both issues, finding no substantial question of law. en-us Wed, 22 Feb 2012 00:00:00 +0530 Sat, 25 Feb 2012 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210925 The court ruled in favor of the assessee on both issues. Regarding the treatment of royalty payment as capital expenditure, the tribunal held that the payment was of a revenue nature, not capital, as it was based on net sales and did not confer enduring benefits. On the disallowance of entry for doubtful debts/advances, the court upheld the CIT(Appeals) decision to delete the major portion of the addition, finding the claim admissible under relevant sections of the Income Tax Act. The court dismissed the Revenue's appeal on both issues, finding no substantial question of law. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210925