https://www.taxtmi.com/caselaws?id=351483 The Tribunal upheld the treatment of the royalty payment as revenue expenditure, following legal precedents and considering the nature of the payment for trademark licenses in the service industry. The decision was based on the lack of enduring benefit and the specific terms of the agreement, leading to the dismissal of the Revenue's appeal. en-us Tue, 03 Oct 2017 00:00:00 +0530 Sat, 25 Nov 2017 09:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351483 The Tribunal upheld the treatment of the royalty payment as revenue expenditure, following legal precedents and considering the nature of the payment for trademark licenses in the service industry. The decision was based on the lack of enduring benefit and the specific terms of the agreement, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 03 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351483