https://www.taxtmi.com/caselaws?id=353131 The Tribunal dismissed the appeal on disallowance of Trade Mark License Utilisation expenses, upholding relief granted by the CIT(A) based on a previous order. However, the Tribunal allowed the appeal on disallowance of expenses for goods destroyed due to containing excess magnesium carbonate, a carcinogenic substance, as it violated legal provisions. The judgment emphasized the importance of adhering to legal restrictions when claiming business expense deductions, particularly in cases involving public health risks. en-us Wed, 15 Nov 2017 00:00:00 +0530 Thu, 28 Dec 2017 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353131 The Tribunal dismissed the appeal on disallowance of Trade Mark License Utilisation expenses, upholding relief granted by the CIT(A) based on a previous order. However, the Tribunal allowed the appeal on disallowance of expenses for goods destroyed due to containing excess magnesium carbonate, a carcinogenic substance, as it violated legal provisions. The judgment emphasized the importance of adhering to legal restrictions when claiming business expense deductions, particularly in cases involving public health risks. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353131