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ITAT Delhi Deletes Disallowance of Royalty Expenses Applying Consistency Principle
Case Law Details
- Case Name
- Travel Food Services Delhi Terminal 3 Pvt. Ltd. Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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Travel Food Services Delhi Terminal 3 Pvt. Ltd. Vs ACIT (ITAT Delhi)
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled in favor of Travel Food Services Delhi Terminal 3 Pvt. Ltd., deleting a ₹17.95 lakh disallowance on royalty expenses for the assessment year 2017-18. The company, which operates food and beverage outlets at Delhi’s Indira Gandhi International Airport, had its return of income scrutinized by the Assessing Officer (AO). The AO disallowed 25% of the royalty charges, citing a Supreme Court judgment in the case of Southern Switchgear Ltd. vs CIT. ...
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