https://www.taxtmi.com/caselaws?id=312488 The ITAT upheld the CIT(A) order, dismissing the Revenue's appeal regarding the disallowance of royalty payment as capital expenditure for the Assessment Year 2009-10. The ITAT determined that the royalty payment was a recurring expense based on sales volume, not conferring any enduring benefit, and thus qualified as revenue expenditure. This decision was consistent with previous ITAT rulings in the assessee's favor, reinforcing the classification of the royalty payment as a revenue expenditure. The ITAT's conclusion was grounded in the analysis of the license agreement and established legal precedents. en-us Thu, 21 Jul 2016 00:00:00 +0530 Thu, 22 Feb 2024 05:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312488 The ITAT upheld the CIT(A) order, dismissing the Revenue's appeal regarding the disallowance of royalty payment as capital expenditure for the Assessment Year 2009-10. The ITAT determined that the royalty payment was a recurring expense based on sales volume, not conferring any enduring benefit, and thus qualified as revenue expenditure. This decision was consistent with previous ITAT rulings in the assessee's favor, reinforcing the classification of the royalty payment as a revenue expenditure. The ITAT's conclusion was grounded in the analysis of the license agreement and established legal precedents. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312488