https://www.taxtmi.com/caselaws?id=248173 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the expenditure on brand label and registration charges as revenue in nature. The expenses for renewing existing brand registrations were deemed recurring and did not create new assets. The Tribunal noted the consistent treatment of such expenses in previous assessments and dismissed the revenue's appeal, affirming the decision that the expenditure was revenue in nature. en-us Fri, 23 May 2014 00:00:00 +0530 Wed, 04 Jun 2014 08:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248173 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the expenditure on brand label and registration charges as revenue in nature. The expenses for renewing existing brand registrations were deemed recurring and did not create new assets. The Tribunal noted the consistent treatment of such expenses in previous assessments and dismissed the revenue's appeal, affirming the decision that the expenditure was revenue in nature. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248173