https://www.taxtmi.com/caselaws?id=251093 The Tribunal allowed the assessee's appeal on all grounds, treating the expenses on abandoned projects and revenue share expenses as revenue expenditure under Section 37 of the Income Tax Act. It also allowed the additional claim under Section 35ABB for license fee payment and upheld the CIT(A)'s decision to allow the foreign exchange loss as revenue expenditure, emphasizing consistency in treatment across assessment years. The Tribunal set aside the lower authorities' decisions and ruled in favor of the assessee in all aspects. en-us Tue, 13 May 2014 00:00:00 +0530 Thu, 04 Sep 2014 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251093 The Tribunal allowed the assessee's appeal on all grounds, treating the expenses on abandoned projects and revenue share expenses as revenue expenditure under Section 37 of the Income Tax Act. It also allowed the additional claim under Section 35ABB for license fee payment and upheld the CIT(A)'s decision to allow the foreign exchange loss as revenue expenditure, emphasizing consistency in treatment across assessment years. The Tribunal set aside the lower authorities' decisions and ruled in favor of the assessee in all aspects. Case-Laws Income Tax Tue, 13 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251093