https://www.taxtmi.com/caselaws?id=241450 The court determined that the variable license fee is both capital and revenue expenditure. Fees paid up to 31st July 1999 are capital, while those after 1st August 1999 are revenue. Interest on delayed license fee payments is similarly categorized, with the tribunal tasked to assess the specific period of interest payments. en-us Thu, 19 Dec 2013 00:00:00 +0530 Mon, 27 May 2024 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241450 The court determined that the variable license fee is both capital and revenue expenditure. Fees paid up to 31st July 1999 are capital, while those after 1st August 1999 are revenue. Interest on delayed license fee payments is similarly categorized, with the tribunal tasked to assess the specific period of interest payments. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241450