https://www.taxtmi.com/caselaws?id=377967 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the lower authorities regarding the condonation of delay in filing the appeal, disallowance of brand license fee, and disallowance under section 14A read with rule 8D for the assessment year 2014-15. The Tribunal affirmed that the brand license fee should be treated as revenue expenditure and that in a year without exempt income, there cannot be a disallowance of expenditure related to assumed income. en-us Thu, 07 Mar 2019 00:00:00 +0530 Fri, 05 Apr 2019 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377967 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the lower authorities regarding the condonation of delay in filing the appeal, disallowance of brand license fee, and disallowance under section 14A read with rule 8D for the assessment year 2014-15. The Tribunal affirmed that the brand license fee should be treated as revenue expenditure and that in a year without exempt income, there cannot be a disallowance of expenditure related to assumed income. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377967