https://www.taxtmi.com/caselaws?id=468937 Royalty paid for a limited-term, non-exclusive, non-transferable and revocable licence to use trademarks and technology was treated as revenue expenditure because it gave only restricted access to technical know-how for the licence period, without transfer of ownership or any enduring advantage; the disallowance under section 37(1) was deleted. Provision for bad and doubtful debts was also allowed under section 36(1)(vii) where the amount was reduced from the debtors account in the balance sheet, showing an actual write-off in the books; that disallowance was likewise deleted. en-us Wed, 22 May 2019 00:00:00 +0530 Tue, 26 May 2026 10:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468937 Royalty paid for a limited-term, non-exclusive, non-transferable and revocable licence to use trademarks and technology was treated as revenue expenditure because it gave only restricted access to technical know-how for the licence period, without transfer of ownership or any enduring advantage; the disallowance under section 37(1) was deleted. Provision for bad and doubtful debts was also allowed under section 36(1)(vii) where the amount was reduced from the debtors account in the balance sheet, showing an actual write-off in the books; that disallowance was likewise deleted. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468937