https://www.taxtmi.com/caselaws?id=263777 The Tribunal upheld the CIT(A)'s decision in favor of the assessee on both issues regarding the payment of logo charges and royalty for technical know-how. The Tribunal determined that both payments constituted revenue expenditure under Section 37 of the Income-tax Act, 1961, as they did not involve the acquisition of any capital assets. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders. en-us Fri, 24 Jul 2015 00:00:00 +0530 Thu, 10 Sep 2015 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263777 The Tribunal upheld the CIT(A)'s decision in favor of the assessee on both issues regarding the payment of logo charges and royalty for technical know-how. The Tribunal determined that both payments constituted revenue expenditure under Section 37 of the Income-tax Act, 1961, as they did not involve the acquisition of any capital assets. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263777