https://www.taxtmi.com/caselaws?id=12904 The Court held that the royalty payments made by the limited company to collaborators were considered revenue expenditure for the assessment year 1980-81. The Tribunal's decision was confirmed, emphasizing the need to analyze the agreements' clauses. The Court highlighted the importance of providing relevant documents for interpretation and affirmed that in the absence of agreements, the royalty payments were deemed as revenue expenditure. The question was resolved in favor of the assessee, and the reference was disposed of with no costs. en-us Wed, 05 Dec 2001 00:00:00 +0530 Fri, 22 May 2009 18:43:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12904 The Court held that the royalty payments made by the limited company to collaborators were considered revenue expenditure for the assessment year 1980-81. The Tribunal's decision was confirmed, emphasizing the need to analyze the agreements' clauses. The Court highlighted the importance of providing relevant documents for interpretation and affirmed that in the absence of agreements, the royalty payments were deemed as revenue expenditure. The question was resolved in favor of the assessee, and the reference was disposed of with no costs. Case-Laws Income Tax Wed, 05 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12904