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2020 (1) TMI 1608
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.... Counsel a/w. Mr. Atul Jasani ORDER P.C.:- Heard learned counsel for the parties. 2. Leave to amend the figure mentioned in the substantial question of law (a). Amendment to be carried out forthwith. Re-verification is dispensed with. 3. The Appellant - Revenue has challenged the order dated 27 May 2016 passed by Income Tax Appellate Tribunal in Income Tax Appeal Nos.4445/Mum/2013 a....
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....the Court observed as under :- "3. We notice that the Revenue has raised two more questions which are as followes :- (i) Whether on the facts and circumstances of the case and in law, the Tribunal justified in holding that revenue share of licence fees of Rs.1,42,30,76,399/- is a revenue expenditure allowable as deduction u/S. 37(1) of the I.T. Act, 1961 ? (ii) Whether o....