https://www.taxtmi.com/caselaws?id=262997 ITAT, Hyderabad upheld the appellant's claims, concluding that expenditure on FCCB and debenture issues made to Qualified Institutional Buyers constitutes expenses of a public issue and is allowable as revenue expenditure under s.35D. Expenditure on editorial content and brand-rights was held to be revenue (deferred revenue) expenditure rather than capital, and therefore deductible; a prior acceptance of identical brand-rights treatment in an earlier year estopped the Revenue from contesting the same issue in the assessment year under appeal. The appeals were decided against the Revenue. en-us Fri, 30 Jan 2015 00:00:00 +0530 Tue, 16 Sep 2025 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262997 ITAT, Hyderabad upheld the appellant's claims, concluding that expenditure on FCCB and debenture issues made to Qualified Institutional Buyers constitutes expenses of a public issue and is allowable as revenue expenditure under s.35D. Expenditure on editorial content and brand-rights was held to be revenue (deferred revenue) expenditure rather than capital, and therefore deductible; a prior acceptance of identical brand-rights treatment in an earlier year estopped the Revenue from contesting the same issue in the assessment year under appeal. The appeals were decided against the Revenue. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262997