https://www.taxtmi.com/caselaws?id=181493 The Tribunal upheld the decision of the CIT (Appeals) to treat royalty payments as revenue expenditure for assessment years 2006-07 and 2007-08. The payments made for access to technical knowledge under a license agreement were deemed revenue in nature, as they did not involve the transfer of technical know-how. The agreements specified running royalties based on sales, with the technical knowledge remaining with the foreign collaborator. Therefore, the appeals by the Revenue challenging the deletion of royalty payments were dismissed. en-us Fri, 30 Sep 2011 00:00:00 +0530 Mon, 18 Apr 2016 18:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181493 The Tribunal upheld the decision of the CIT (Appeals) to treat royalty payments as revenue expenditure for assessment years 2006-07 and 2007-08. The payments made for access to technical knowledge under a license agreement were deemed revenue in nature, as they did not involve the transfer of technical know-how. The agreements specified running royalties based on sales, with the technical knowledge remaining with the foreign collaborator. Therefore, the appeals by the Revenue challenging the deletion of royalty payments were dismissed. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181493