https://www.taxtmi.com/caselaws?id=186156 The ITAT Delhi dismissed the revenue's appeal challenging the deletion of disallowance on royalty payment for the assessment year 2006-07. The Tribunal upheld the treatment of royalty payment as revenue expenditure, citing the licensing agreement terms and legal precedents. The appellant's payment for the use of technical know-how was considered a revenue expenditure as they did not acquire ownership of the know-how, which remained with the licensor. The decision aligned with previous ITAT orders and case law, emphasizing the distinction between revenue and capital expenditure in such arrangements. en-us Fri, 13 Aug 2010 00:00:00 +0530 Thu, 08 Sep 2016 17:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186156 The ITAT Delhi dismissed the revenue's appeal challenging the deletion of disallowance on royalty payment for the assessment year 2006-07. The Tribunal upheld the treatment of royalty payment as revenue expenditure, citing the licensing agreement terms and legal precedents. The appellant's payment for the use of technical know-how was considered a revenue expenditure as they did not acquire ownership of the know-how, which remained with the licensor. The decision aligned with previous ITAT orders and case law, emphasizing the distinction between revenue and capital expenditure in such arrangements. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186156