https://www.taxtmi.com/caselaws?id=359374 The court held that the payment of Rs. 1 Crore for the exclusive use of the trademark "HILTON" is to be treated as revenue expenditure. The court directed that the payment be treated as revenue expenditure for the AY 1996-97, favoring the appellant and against the Revenue. The deduction under Section 37(1) of the Income Tax Act, 1961 was allowed in favor of the appellant. en-us Fri, 20 Apr 2018 00:00:00 +0530 Wed, 10 Apr 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359374 The court held that the payment of Rs. 1 Crore for the exclusive use of the trademark "HILTON" is to be treated as revenue expenditure. The court directed that the payment be treated as revenue expenditure for the AY 1996-97, favoring the appellant and against the Revenue. The deduction under Section 37(1) of the Income Tax Act, 1961 was allowed in favor of the appellant. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359374