https://www.taxtmi.com/caselaws?id=252523 The Tribunal upheld the addition of Rs. 617,289 as royalty income accrued to the appellant, despite its application towards bank loan repayment. It reversed the disallowance of sundry balance written off, citing the business nature. The franchisee fee was allowed as revenue expenditure due to its recurring and operational nature. Higher depreciation on computer peripherals was permitted, following the Delhi HC precedent. The Tribunal's decisions were based on detailed analysis and legal precedents, resulting in a mixed outcome for the appellant in the consolidated order. en-us Fri, 17 Oct 2014 00:00:00 +0530 Mon, 27 Oct 2014 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252523 The Tribunal upheld the addition of Rs. 617,289 as royalty income accrued to the appellant, despite its application towards bank loan repayment. It reversed the disallowance of sundry balance written off, citing the business nature. The franchisee fee was allowed as revenue expenditure due to its recurring and operational nature. Higher depreciation on computer peripherals was permitted, following the Delhi HC precedent. The Tribunal's decisions were based on detailed analysis and legal precedents, resulting in a mixed outcome for the appellant in the consolidated order. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252523