https://www.taxtmi.com/highlights?id=72169 Nature of expenses - payment of royalty - acquisition of intangible asset - the appellate authorities, while deleting the disallowances made by the assessing officer, have rightly treated the royalty payment as revenue expenditure. Once the payment of royalty is treated as revenue expenditure, automatically, it goes without saying that the assessees would be entitled to 100% deduction. - HC en-us Fri, 22 Sep 2023 15:09:15 +0530 Fri, 22 Sep 2023 15:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72169 Nature of expenses - payment of royalty - acquisition of intangible asset - the appellate authorities, while deleting the disallowances made by the assessing officer, have rightly treated the royalty payment as revenue expenditure. Once the payment of royalty is treated as revenue expenditure, automatically, it goes without saying that the assessees would be entitled to 100% deduction. - HC Highlights Income Tax Fri, 22 Sep 2023 15:09:15 +0530 https://www.taxtmi.com/highlights?id=72169