https://www.taxtmi.com/caselaws?id=391874 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on various issues, including the treatment of Minimum Guarantee royalty payments as revenue expenditure, limiting disallowances on various expenses, and dismissing disallowances related to stock shortage/breakage and bad debt/business advance. The Revenue's appeals were dismissed, while the assessee's appeals were partly allowed for statistical purposes and partly allowed. The Tribunal remanded certain issues for further verification or pending final decisions, resulting in a mixed outcome for both parties. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 07 Feb 2020 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391874 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on various issues, including the treatment of Minimum Guarantee royalty payments as revenue expenditure, limiting disallowances on various expenses, and dismissing disallowances related to stock shortage/breakage and bad debt/business advance. The Revenue's appeals were dismissed, while the assessee's appeals were partly allowed for statistical purposes and partly allowed. The Tribunal remanded certain issues for further verification or pending final decisions, resulting in a mixed outcome for both parties. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391874