Dismissing the appeal of the revenue the Court held that the assessee was granted only licence to use copy right therefore the fees paid was allowable as revenue expenditure .( AY.2009-10)
PCIT v. Mobisoft Tele Solutions (P) LTD. (P) LTD. (2018)404 ITR 203/ 163 DTR 289 / 301 CTR 582/90 taxmann.com 383 (P&H) (HC)
S.37(1): Business expenditure -Capital or revenue-Fees paid for Licence to use copy right was held to be allowable as revenue expenditure.