Revenue share based licence fee is allowable expense U/s. 37(1)

Advocate Akhilesh Kumar Sah AT & T Global Network Services (India) Pvt. Ltd. Vs JCIT (ITAT Delhi) Revenue share based licence fee held to be allowable expense under section 37(1), merely because the Revenue has not accepted the decision of the Hon’ble Delhi High Court and an SLP has been filed against the said order, the same cannot be a ground to disallow the expenditure unless and until the same is reversed or stayed by the Supreme Court In AT & T Global Network Services (India) Pvt. Ltd. vs. JCIT [ITA Nos.5535/Del/2016 & 7115/Del/2017 Assessment Years: 2012-13 & 2013-...