(1.) This batch of appeals involves an identical substantial question of law, whether the royalty paid is a revenue expenditure and thereby should be allowed as a deduction. Insofar as the appeal being ITA No. 69/2004 is concerned, two additional questions have been framed and the same would be referred and dealt with separately after answering the question with regard to the nature of expenditure.
(2.) The appeals pertain to various Assessment Years, the details and
(3.) In this appeal, the following substantial question of law was framed by this Court: