https://www.taxtmi.com/highlights?id=52422 Disallowance of royalty expenses - allowable revenue expenses - It is only in Assessment Year 2005-06, the said payment of royalty has not been allowed in the hands of the assessee. In all the later years, starting from Assessment Year 2007-08, the royalty has been allowed as revenue expenditure in the hands of the assessee - Even the TPO had not made any adverse reference in his order u/s 92CA(3) - Claim of the assessee allowed - AT en-us Thu, 19 Mar 2020 10:47:31 +0530 Thu, 19 Mar 2020 10:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52422 Disallowance of royalty expenses - allowable revenue expenses - It is only in Assessment Year 2005-06, the said payment of royalty has not been allowed in the hands of the assessee. In all the later years, starting from Assessment Year 2007-08, the royalty has been allowed as revenue expenditure in the hands of the assessee - Even the TPO had not made any adverse reference in his order u/s 92CA(3) - Claim of the assessee allowed - AT Highlights Income Tax Thu, 19 Mar 2020 10:47:31 +0530 https://www.taxtmi.com/highlights?id=52422