https://www.taxtmi.com/caselaws?id=765644 The ITAT Delhi held that royalty payments made by the assessee for franchisee rights and brand name usage were recurring in nature and should be treated as revenue expenditure rather than capital expenditure. Following its own precedent from AY 2014-15, the tribunal directed the AO to allow the deduction of royalty payments, thereby allowing the assessee's appeal and overturning the disallowance. en-us Fri, 31 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 16:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765644 The ITAT Delhi held that royalty payments made by the assessee for franchisee rights and brand name usage were recurring in nature and should be treated as revenue expenditure rather than capital expenditure. Following its own precedent from AY 2014-15, the tribunal directed the AO to allow the deduction of royalty payments, thereby allowing the assessee's appeal and overturning the disallowance. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765644