https://www.taxtmi.com/caselaws?id=215984 The Tribunal upheld the CIT(A)'s decision regarding the nature of royalty payment, determining 25% as capital expenditure and 75% as revenue expenditure. It directed a reasonable estimation of expenses for disallowance under section 14A and allowed the deduction under section 43B for employees' contribution to Provident Fund if paid before the return filing due date. Both the assessee's and the Department's appeals were partly allowed. en-us Mon, 23 Apr 2012 00:00:00 +0530 Mon, 27 May 2013 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215984 The Tribunal upheld the CIT(A)'s decision regarding the nature of royalty payment, determining 25% as capital expenditure and 75% as revenue expenditure. It directed a reasonable estimation of expenses for disallowance under section 14A and allowed the deduction under section 43B for employees' contribution to Provident Fund if paid before the return filing due date. Both the assessee's and the Department's appeals were partly allowed. Case-Laws Income Tax Mon, 23 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215984