https://www.taxtmi.com/caselaws?id=308234 The ITAT Delhi dismissed the Revenue's appeal regarding the treatment of license fee as revenue or capital expenditure, upholding that under the new revenue sharing regime, the license fee should be treated as revenue expenditure. Additionally, the ITAT allowed the assessee's appeal on the issue of TDS credit on deferred revenue, stating that credit for TDS should be given continuously for assessment years, especially when income was recognized simultaneously with project execution progress. en-us Wed, 11 May 2022 00:00:00 +0530 Fri, 09 Jun 2023 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308234 The ITAT Delhi dismissed the Revenue's appeal regarding the treatment of license fee as revenue or capital expenditure, upholding that under the new revenue sharing regime, the license fee should be treated as revenue expenditure. Additionally, the ITAT allowed the assessee's appeal on the issue of TDS credit on deferred revenue, stating that credit for TDS should be given continuously for assessment years, especially when income was recognized simultaneously with project execution progress. Case-Laws Income Tax Wed, 11 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308234