https://www.taxtmi.com/caselaws?id=304013 The Tribunal upheld the disallowance of expenses under section 14A while allowing the royalty payment as a revenue expenditure. The disallowance under Rule 8D was upheld due to the Assessing Officer's lack of satisfaction with the assessee's claim, as inferred from the computation. On the other hand, the royalty payment for using a logo was considered a revenue expenditure under section 37(1) as it was made on a turnover basis. The Tribunal confirmed the decisions of the CIT(A) in both cases, dismissing appeals from both the assessee and the Revenue. en-us Fri, 29 Jul 2016 00:00:00 +0530 Thu, 01 Sep 2022 06:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304013 The Tribunal upheld the disallowance of expenses under section 14A while allowing the royalty payment as a revenue expenditure. The disallowance under Rule 8D was upheld due to the Assessing Officer's lack of satisfaction with the assessee's claim, as inferred from the computation. On the other hand, the royalty payment for using a logo was considered a revenue expenditure under section 37(1) as it was made on a turnover basis. The Tribunal confirmed the decisions of the CIT(A) in both cases, dismissing appeals from both the assessee and the Revenue. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304013