https://www.taxtmi.com/caselaws?id=345756 The Tribunal held that the Royalty and License fees paid by the Assessee for using the trademark 'Kirloskar' were revenue expenses, not capital. The payments were deemed to benefit the Assessee's business operations, as they were for the use of the name and not for technical knowhow. The Tribunal found no error in the assessment and dismissed the appeal, concluding that the expenses were in the revenue field under the Income Tax Act for Assessment Year 2009-10. en-us Mon, 17 Jul 2017 00:00:00 +0530 Tue, 25 Jul 2017 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345756 The Tribunal held that the Royalty and License fees paid by the Assessee for using the trademark 'Kirloskar' were revenue expenses, not capital. The payments were deemed to benefit the Assessee's business operations, as they were for the use of the name and not for technical knowhow. The Tribunal found no error in the assessment and dismissed the appeal, concluding that the expenses were in the revenue field under the Income Tax Act for Assessment Year 2009-10. Case-Laws Income Tax Mon, 17 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345756