https://www.taxtmi.com/caselaws?id=261115 The Tribunal upheld the CIT(A)'s decision to delete disallowances and additions challenged by the Revenue. The Tribunal found that the payments for trademark fees and license fees were revenue expenditures, not capital assets. Additionally, it emphasized the necessity of factual evidence for disallowance under Section 14A. The Tribunal concluded that the expenses for current repairs were justified under Section 31(i), dismissing the Revenue's grounds. The appeal was dismissed, and the order was pronounced on 27.5.2015. en-us Wed, 27 May 2015 00:00:00 +0530 Fri, 03 Jul 2015 07:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261115 The Tribunal upheld the CIT(A)'s decision to delete disallowances and additions challenged by the Revenue. The Tribunal found that the payments for trademark fees and license fees were revenue expenditures, not capital assets. Additionally, it emphasized the necessity of factual evidence for disallowance under Section 14A. The Tribunal concluded that the expenses for current repairs were justified under Section 31(i), dismissing the Revenue's grounds. The appeal was dismissed, and the order was pronounced on 27.5.2015. Case-Laws Income Tax Wed, 27 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261115