https://www.taxtmi.com/caselaws?id=385418 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals)' decisions in two issues. Firstly, the disallowance of licence fee paid was deemed revenue expenditure as it did not confer enduring benefit but was linked to sales volume. Secondly, the disallowance of employees' contribution to PF & ESIC was overturned as the contributions were made before the due date of filing the return, following precedents. The revenue's appeals were dismissed in both cases. en-us Wed, 10 Jul 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385418 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals)' decisions in two issues. Firstly, the disallowance of licence fee paid was deemed revenue expenditure as it did not confer enduring benefit but was linked to sales volume. Secondly, the disallowance of employees' contribution to PF & ESIC was overturned as the contributions were made before the due date of filing the return, following precedents. The revenue's appeals were dismissed in both cases. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385418