https://www.taxtmi.com/caselaws?id=393075 The Tribunal held that the entire royalty payment for technical "know-how" should be treated as revenue expenditure, dismissing the Revenue's appeal and allowing the assessee's appeal. The Tribunal remanded the issue of prior period expenditure claimed as bad debt back to the Assessing Officer for further examination. Additionally, the disallowance of staff welfare expenditure was overturned by the Tribunal, directing the Assessing Officer to delete the disallowed amount. The Revenue's appeal was dismissed, and the assessee's appeal was allowed for statistical purposes. en-us Fri, 28 Feb 2020 00:00:00 +0530 Thu, 05 Mar 2020 13:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393075 The Tribunal held that the entire royalty payment for technical "know-how" should be treated as revenue expenditure, dismissing the Revenue's appeal and allowing the assessee's appeal. The Tribunal remanded the issue of prior period expenditure claimed as bad debt back to the Assessing Officer for further examination. Additionally, the disallowance of staff welfare expenditure was overturned by the Tribunal, directing the Assessing Officer to delete the disallowed amount. The Revenue's appeal was dismissed, and the assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393075