DRP and Tribunal Confirm Payment as Revenue Expenditure, Aligning with Commissioner of Income Tax (Appeals) Decision.

TPA - payment of royalty - Since the nature of payment was examined by DRP and it was found as revenue expenditure and the direction of the DRP attained finality, this Tribunal is of the considered opinion that the CIT(Appeals) has rightly found that the payment was revenue in nature. - AT .....

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