https://www.taxtmi.com/caselaws?id=214320 The High Court held that the royalty payments made by the assessee to a brewery company for technical assistance and brand name usage were revenue expenditure. The court emphasized that the payments were for running the business and not for acquiring an enduring asset, qualifying them as deductible under section 37 of the Income Tax Act. The court rejected the Revenue's argument that the payments should be treated as capital expenditure, affirming the assessee's position and disposing of the appeals in their favor. en-us Tue, 03 Jan 2012 00:00:00 +0530 Fri, 28 Jun 2013 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214320 The High Court held that the royalty payments made by the assessee to a brewery company for technical assistance and brand name usage were revenue expenditure. The court emphasized that the payments were for running the business and not for acquiring an enduring asset, qualifying them as deductible under section 37 of the Income Tax Act. The court rejected the Revenue's argument that the payments should be treated as capital expenditure, affirming the assessee's position and disposing of the appeals in their favor. Case-Laws Income Tax Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214320