https://www.taxtmi.com/caselaws?id=194126 The Tribunal upheld the CIT(A)'s decision treating royalty payment as revenue expenditure, not capital, in a case involving disputes over addition of royalty payment and applicability of previous orders. The Tribunal dismissed the Revenue's appeals, affirming the recurring and revenue-based nature of the royalty payment, based on production metrics and consistency with past decisions. The review petition by the Revenue was rejected, emphasizing the lack of merit in challenging the treatment of royalty payment as a revenue expenditure. en-us Fri, 10 Oct 2014 00:00:00 +0530 Wed, 30 Aug 2017 10:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194126 The Tribunal upheld the CIT(A)'s decision treating royalty payment as revenue expenditure, not capital, in a case involving disputes over addition of royalty payment and applicability of previous orders. The Tribunal dismissed the Revenue's appeals, affirming the recurring and revenue-based nature of the royalty payment, based on production metrics and consistency with past decisions. The review petition by the Revenue was rejected, emphasizing the lack of merit in challenging the treatment of royalty payment as a revenue expenditure. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194126