https://www.taxtmi.com/caselaws?id=276134 The Tribunal upheld the CIT(A)'s decision regarding royalty payments made by the assessee to its associated enterprises as revenue expenditure for the assessment years 2008-09 and 2009-10. The Tribunal emphasized the recurring and non-exclusive nature of the payment, consistent treatment by the Revenue in previous and subsequent years, and alignment with legal precedents supporting the deductibility of such payments as revenue expenditure. The Tribunal dismissed the Revenue's appeals, affirming the royalty payment as revenue expenditure. en-us Wed, 19 Oct 2016 00:00:00 +0530 Tue, 30 Oct 2018 20:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276134 The Tribunal upheld the CIT(A)'s decision regarding royalty payments made by the assessee to its associated enterprises as revenue expenditure for the assessment years 2008-09 and 2009-10. The Tribunal emphasized the recurring and non-exclusive nature of the payment, consistent treatment by the Revenue in previous and subsequent years, and alignment with legal precedents supporting the deductibility of such payments as revenue expenditure. The Tribunal dismissed the Revenue's appeals, affirming the royalty payment as revenue expenditure. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276134