https://www.taxtmi.com/caselaws?id=349534 The High Court dismissed the tax appeal, upholding the decisions of lower authorities. The expenses on royalty payment, seminar expenses, and non-achievement of targets were deemed justified as revenue expenditures, enhancing the business without providing enduring benefits. The court emphasized the correct treatment of expenses and distinguished between capital and revenue expenditures, finding no legal basis for interference in the case. en-us Mon, 31 Jul 2017 00:00:00 +0530 Mon, 16 Oct 2017 09:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349534 The High Court dismissed the tax appeal, upholding the decisions of lower authorities. The expenses on royalty payment, seminar expenses, and non-achievement of targets were deemed justified as revenue expenditures, enhancing the business without providing enduring benefits. The court emphasized the correct treatment of expenses and distinguished between capital and revenue expenditures, finding no legal basis for interference in the case. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349534