https://www.taxtmi.com/caselaws?id=365584 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 40(a)(i) for non-deduction of tax on Microsoft license fee, holding that the payment was not royalty but for the use of a copyrighted article, assessable as business profits. The disallowance was deleted based on legal precedents and DTAA interpretations. Additionally, the Tribunal upheld the deletion of expenses claimed as capital in nature, considering them as a loss incidental to business, deductible under Section 28. The revenue's appeal was dismissed, affirming that the expenses were allowable deductions. en-us Tue, 14 Aug 2018 00:00:00 +0530 Thu, 04 Oct 2018 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365584 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 40(a)(i) for non-deduction of tax on Microsoft license fee, holding that the payment was not royalty but for the use of a copyrighted article, assessable as business profits. The disallowance was deleted based on legal precedents and DTAA interpretations. Additionally, the Tribunal upheld the deletion of expenses claimed as capital in nature, considering them as a loss incidental to business, deductible under Section 28. The revenue's appeal was dismissed, affirming that the expenses were allowable deductions. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365584