https://www.taxtmi.com/caselaws?id=188589 The High Court ruled in favor of the assessee on both issues. The deduction of royalty payment as revenue expenditure was allowed, considering it akin to a license fee. Additionally, the disallowance of unpaid sales-tax liability under section 43B was rejected, following the Supreme Court decision that if the liability is paid before the due date of filing the income tax return, it cannot be disallowed. The reference was disposed of with no order as to costs. en-us Tue, 02 Aug 2005 00:00:00 +0530 Wed, 07 Dec 2016 12:49:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188589 The High Court ruled in favor of the assessee on both issues. The deduction of royalty payment as revenue expenditure was allowed, considering it akin to a license fee. Additionally, the disallowance of unpaid sales-tax liability under section 43B was rejected, following the Supreme Court decision that if the liability is paid before the due date of filing the income tax return, it cannot be disallowed. The reference was disposed of with no order as to costs. Case-Laws Income Tax Tue, 02 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188589