https://www.taxtmi.com/caselaws?id=325184 The appeal regarding the disallowance of royalty payments was allowed, treating the payments as revenue expenditure. However, the appeal concerning the disallowance of capital work-in-progress written off was only partly allowed, with the specific ground being dismissed. The Tribunal concluded that the royalty payments, based on a percentage of sales, should be considered as business expenditure, while the capital work-in-progress written off for setting up a new business was deemed a capital expenditure. en-us Wed, 10 Feb 2016 00:00:00 +0530 Wed, 09 Mar 2016 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325184 The appeal regarding the disallowance of royalty payments was allowed, treating the payments as revenue expenditure. However, the appeal concerning the disallowance of capital work-in-progress written off was only partly allowed, with the specific ground being dismissed. The Tribunal concluded that the royalty payments, based on a percentage of sales, should be considered as business expenditure, while the capital work-in-progress written off for setting up a new business was deemed a capital expenditure. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325184