https://www.taxtmi.com/caselaws?id=369023 The Court dismissed the revenue's appeal, ruling in favor of the assessee on all substantial questions of law. It held that 'copyright expense' constituted revenue expenditure as only a license, not the copyright itself, was granted. The Court upheld the ITAT's decision on the nature of the agreement and absence of copyright acquisition, affirming the treatment of expenses as revenue. Additionally, it supported the ITAT's findings on 'copyright expense' with enduring benefits and clarified the retrospective application of relevant provisions, emphasizing compliance with tax regulations. en-us Wed, 03 Oct 2018 00:00:00 +0530 Tue, 12 Mar 2019 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369023 The Court dismissed the revenue's appeal, ruling in favor of the assessee on all substantial questions of law. It held that 'copyright expense' constituted revenue expenditure as only a license, not the copyright itself, was granted. The Court upheld the ITAT's decision on the nature of the agreement and absence of copyright acquisition, affirming the treatment of expenses as revenue. Additionally, it supported the ITAT's findings on 'copyright expense' with enduring benefits and clarified the retrospective application of relevant provisions, emphasizing compliance with tax regulations. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369023