How is royalty payment taxed?

In my recent post for a Chennai based law firm, Selvam and Selvam, I answer whether the royalty payments made by your company can be assessed as Revenue Expenditure or Capital Expenditure based on the observations of Income Tax Appellate Tribunal, Kolkata in a recent case.

What do you think the answer should be? How do you assess royalty payments made by you?

Check out the full post here.