https://www.taxtmi.com/caselaws?id=179721 The Tribunal upheld the deletion of disallowed royalty expenses, ruling that the payment was for trademark and know-how usage, constituting a revenue expenditure. However, the disallowance of foreign travel expenses was remanded for lack of purpose details. Various other expenses disallowed by the AO were allowed by the CIT(A) due to insufficient evidence. The Revenue's appeals for AY 2008-09 were dismissed, with partial allowance for AY 2007-08 for statistical purposes. The Tribunal directed a detailed reconsideration of foreign travel expenses. en-us Fri, 20 Apr 2012 00:00:00 +0530 Tue, 08 Mar 2016 17:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179721 The Tribunal upheld the deletion of disallowed royalty expenses, ruling that the payment was for trademark and know-how usage, constituting a revenue expenditure. However, the disallowance of foreign travel expenses was remanded for lack of purpose details. Various other expenses disallowed by the AO were allowed by the CIT(A) due to insufficient evidence. The Revenue's appeals for AY 2008-09 were dismissed, with partial allowance for AY 2007-08 for statistical purposes. The Tribunal directed a detailed reconsideration of foreign travel expenses. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179721