Royalty- Necessary ingredient for treating a payment as royalty is exclusiveness of right of a person over design or invention invented by him

 ITAT, AHMEDABAD BENCH `C’ AHMEDABAD, IN THE CASE OF: ITO Vs. Patwa Kinariwala Electronics Ltd., APPEAL NO: ITA Nos. 2781/Ahd/2008, 934/Ahd/2006, 2448/Ahd/2005 and 2826/Ahd/2006 , DECIDED ON May 31, 2010 ORDER Per D. C. Agrawal, Accountant Member. These are four appeals –one filed by the Revenue for Asst. Year 1997-98, i.e. ITA No.2781/Ahd/2008 and the other three are filed by the assessee i.e. ITA Nos.934/Ahd/2006, 2448/Ahd/2005 & 2826/Ahd/ 2006 for Asst. ITA No.2781/Ahd/2008 Asst . Year :1997-98 ITA Nos.934/Ahd/2006,2448/Ahd/2005 & 2826/Ahd/2006 Asst . Years...