https://www.taxtmi.com/caselaws?id=428925 The Tribunal upheld the CIT(A)'s decision to allow deductions claimed by the assessee for license fees paid to RSCPL and traveling/entertainment expenses. The Tribunal found the license fee payment permissible under Section 37 of the Income Tax Act, as it was for business purposes and not a tax avoidance scheme. It also ruled that the expenses were legitimate and incurred for business reasons, dismissing the Revenue's challenges. Consequently, the Revenue's appeal was entirely dismissed, affirming the deductions claimed by the assessee. en-us Mon, 10 Oct 2022 00:00:00 +0530 Thu, 13 Oct 2022 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428925 The Tribunal upheld the CIT(A)'s decision to allow deductions claimed by the assessee for license fees paid to RSCPL and traveling/entertainment expenses. The Tribunal found the license fee payment permissible under Section 37 of the Income Tax Act, as it was for business purposes and not a tax avoidance scheme. It also ruled that the expenses were legitimate and incurred for business reasons, dismissing the Revenue's challenges. Consequently, the Revenue's appeal was entirely dismissed, affirming the deductions claimed by the assessee. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428925