https://www.taxtmi.com/caselaws?id=334308 The appeal was partly allowed. The ITAT ruled in favor of the assessee regarding treating royalty payments as revenue expenditure and directed the AO to recompute the disallowance under section 14A. Other grounds were either withdrawn, not pressed, or deemed consequential/premature. en-us Wed, 28 Sep 2016 00:00:00 +0530 Tue, 08 Nov 2016 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334308 The appeal was partly allowed. The ITAT ruled in favor of the assessee regarding treating royalty payments as revenue expenditure and directed the AO to recompute the disallowance under section 14A. Other grounds were either withdrawn, not pressed, or deemed consequential/premature. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334308