https://www.taxtmi.com/caselaws?id=397943 The Tribunal ruled in favor of the assessee on various issues. It allowed adjustment of foreign exchange gain against loss, permitted most CSR expenses as business-related, considered composition fee compensatory, approved repair and maintenance expenditure except for new asset acquisition, allowed signage expenses for business promotion, upheld sales tool expenses for business necessity, directed acceptance of running royalty as business expenditure, and admitted lumpsum royalty as revenue expenditure. The Tribunal's decisions were based on legal precedents and the business nature of the expenses. en-us Mon, 31 Aug 2020 00:00:00 +0530 Tue, 01 Sep 2020 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397943 The Tribunal ruled in favor of the assessee on various issues. It allowed adjustment of foreign exchange gain against loss, permitted most CSR expenses as business-related, considered composition fee compensatory, approved repair and maintenance expenditure except for new asset acquisition, allowed signage expenses for business promotion, upheld sales tool expenses for business necessity, directed acceptance of running royalty as business expenditure, and admitted lumpsum royalty as revenue expenditure. The Tribunal's decisions were based on legal precedents and the business nature of the expenses. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397943