2014 (3) TMI 1019

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....ior DR ORDER PER B.C. MEENA, ACCOUNTANT MEMBER : This appeal filed by the revenue emanates from the order of CIT (Appeals)-XV, New Delhi dated 24.01.2013 for the assessment year 2009-10. 2. The assessee company engaged in the business of providing and installing the security systems, viz., CCTV systems etc. The return of income was filed declaring a loss of Rs. 1,99,38,274/- on 15.10.2....

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....the decision of the Hon'ble Delhi High Court in the appellant's own case for A.Y. 2002-03, 2003-04 and 2005-06, I hold that the payment of royalty in the present case as allowable revenue expenditure. Therefore, the ground No.1 of the appeal is allowed in favour of the appellant." 3. Now, the revenue is in appeal by taking the following grounds :- "1. On the facts and circumstances o....