https://www.taxtmi.com/caselaws?id=312467 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal concerning the disallowance of royalty for AY 2008-09. It ruled in favor of the assessee, determining the royalty was not of enduring nature as it was contingent on sales volume and would cease with the agreement's termination. The Tribunal referenced a prior ITAT decision and a Jurisdictional HC ruling, concluding that the royalty did not provide an enduring benefit and that related training expenses were not capital expenditures. Consequently, the lower authorities' decision was set aside, affirming the CIT(A)'s order. en-us Wed, 21 Mar 2012 00:00:00 +0530 Tue, 20 Feb 2024 14:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312467 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal concerning the disallowance of royalty for AY 2008-09. It ruled in favor of the assessee, determining the royalty was not of enduring nature as it was contingent on sales volume and would cease with the agreement's termination. The Tribunal referenced a prior ITAT decision and a Jurisdictional HC ruling, concluding that the royalty did not provide an enduring benefit and that related training expenses were not capital expenditures. Consequently, the lower authorities' decision was set aside, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312467