https://www.taxtmi.com/caselaws?id=9575 The court held that the expenditure on obtaining dealership rights with the OTC Exchange did not result in an enduring benefit and should be treated as revenue expenditure. Despite arguments from the Revenue contending that the expenditure conferred an enduring benefit, the court emphasized that the nature of the advantage in a commercial sense determines the categorization of expenditure. Relying on legal precedents and specific case circumstances, the court allowed the appeal, stating that the expenditure did not lead to the creation of an enduring asset. en-us Thu, 26 May 2005 00:00:00 +0530 Sat, 27 Jun 2009 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9575 The court held that the expenditure on obtaining dealership rights with the OTC Exchange did not result in an enduring benefit and should be treated as revenue expenditure. Despite arguments from the Revenue contending that the expenditure conferred an enduring benefit, the court emphasized that the nature of the advantage in a commercial sense determines the categorization of expenditure. Relying on legal precedents and specific case circumstances, the court allowed the appeal, stating that the expenditure did not lead to the creation of an enduring asset. Case-Laws Income Tax Thu, 26 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9575