https://www.taxtmi.com/caselaws?id=255041 The High Court dismissed the Revenue's appeal and ruled in favor of the assessee, determining that the entire amount of royalty payments should be treated as revenue expenditure. The Court emphasized the importance of analyzing the specific clauses in the License and Technical Assistance agreement, which indicated that the agreement did not confer any enduring benefit to the assessee. As a result, the Court concluded that the royalty payments were revenue expenses, aligning with the Appellate Authority's decision and rejecting the Revenue's argument for partial capital treatment. en-us Tue, 28 Oct 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255041 The High Court dismissed the Revenue's appeal and ruled in favor of the assessee, determining that the entire amount of royalty payments should be treated as revenue expenditure. The Court emphasized the importance of analyzing the specific clauses in the License and Technical Assistance agreement, which indicated that the agreement did not confer any enduring benefit to the assessee. As a result, the Court concluded that the royalty payments were revenue expenses, aligning with the Appellate Authority's decision and rejecting the Revenue's argument for partial capital treatment. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255041