https://www.taxtmi.com/caselaws?id=180394 Expenditure incurred for obtaining trade mark registration was treated as revenue expenditure because it was recurring, did not create a capital asset, and did not confer an enduring advantage; the limited registration period and need for renewal supported that characterisation. The outlay was also regarded as wholly and exclusively incurred for business purposes, so it was allowable as a revenue outgoing and not capital expenditure. en-us Thu, 25 Mar 1948 00:00:00 +0530 Tue, 22 Mar 2016 18:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180394 Expenditure incurred for obtaining trade mark registration was treated as revenue expenditure because it was recurring, did not create a capital asset, and did not confer an enduring advantage; the limited registration period and need for renewal supported that characterisation. The outlay was also regarded as wholly and exclusively incurred for business purposes, so it was allowable as a revenue outgoing and not capital expenditure. Case-Laws Income Tax Thu, 25 Mar 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180394