https://www.taxtmi.com/caselaws?id=404311 The High Court upheld the Tribunal's decisions regarding the allowance of the provision for warranty and the marketing support fee and transition support fee as revenue expenditure under Section 37(1) of the Income Tax Act for the assessment year 2007-08. The Court dismissed the appeal, finding the Tribunal's decisions to be based on sound reasoning and in line with relevant case laws, emphasizing that the fees paid for marketing support services were revenue in nature and essential for carrying on the business to derive revenue. en-us Sat, 06 Feb 2021 00:00:00 +0530 Mon, 17 May 2021 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404311 The High Court upheld the Tribunal's decisions regarding the allowance of the provision for warranty and the marketing support fee and transition support fee as revenue expenditure under Section 37(1) of the Income Tax Act for the assessment year 2007-08. The Court dismissed the appeal, finding the Tribunal's decisions to be based on sound reasoning and in line with relevant case laws, emphasizing that the fees paid for marketing support services were revenue in nature and essential for carrying on the business to derive revenue. Case-Laws Income Tax Sat, 06 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404311