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2019 (11) TMI 42 - ITAT CHENNAIDisallowance in respect of “Royalty Payments” - capital expenditure - HELD THAT:- What was paid by the assessee is for the right to use the Logo belonging to Shriram Ownership Trust. When the assessee made payment for use of right, this Tribunal is of the considered opinion that the same cannot be treated as capital expenditure. CIT(Appeals) has rightly found that the payment made by the assessee is in the revenue field. In fact, similar addition made by the AO for the assessment year 2002-03 was deleted by this Tribunal. CIT(Appeals) by placing reliance on the order of this Tribunal in Shriram Tamil Nadu Pvt. Ltd., [2016 (8) TMI 1204 - ITAT CHENNAI] allowed the claim of the assessee. Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed.
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