https://www.taxtmi.com/caselaws?id=249802 The Tribunal upheld the decision of the ld. CIT(A) regarding the treatment of legal and professional fees as revenue expenditure connected to the acquisition of a brand. The expenditure was deemed essential for the existing business and akin to consultancy services, aligning with precedents that such expenses are revenue in nature. The Tribunal dismissed the Revenue's appeal, emphasizing the expenditure's connection to the ongoing business activities and supporting the view that consultancy expenses of this kind are typically considered revenue expenses. en-us Thu, 29 May 2014 00:00:00 +0530 Fri, 13 Mar 2015 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249802 The Tribunal upheld the decision of the ld. CIT(A) regarding the treatment of legal and professional fees as revenue expenditure connected to the acquisition of a brand. The expenditure was deemed essential for the existing business and akin to consultancy services, aligning with precedents that such expenses are revenue in nature. The Tribunal dismissed the Revenue's appeal, emphasizing the expenditure's connection to the ongoing business activities and supporting the view that consultancy expenses of this kind are typically considered revenue expenses. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249802