https://www.taxtmi.com/caselaws?id=5212 The court held that the royalties paid by the assessee-company for sole selling agency rights constituted capital expenditure, not revenue expenditure. Consequently, the deductions claimed were disallowed under the Income Tax Act. The court ruled against the assessee, in favor of the revenue, with no order as to costs. en-us Thu, 01 Mar 1979 00:00:00 +0530 Sat, 13 Feb 2016 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5212 The court held that the royalties paid by the assessee-company for sole selling agency rights constituted capital expenditure, not revenue expenditure. Consequently, the deductions claimed were disallowed under the Income Tax Act. The court ruled against the assessee, in favor of the revenue, with no order as to costs. Case-Laws Income Tax Thu, 01 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5212