https://www.taxtmi.com/caselaws?id=295245 The Tribunal upheld the CIT(A)'s decision that expenses for brand use were revenue, not capital, dismissing the challenge to the assessment order under the Income Tax Act. The Tribunal found no need for disallowance under Section 40(a)(ia) due to proper accounting by the recipient and the retrospective effect of the law. The appeal was dismissed on 21st July 2015. en-us Tue, 21 Jul 2015 00:00:00 +0530 Wed, 26 May 2021 08:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295245 The Tribunal upheld the CIT(A)'s decision that expenses for brand use were revenue, not capital, dismissing the challenge to the assessment order under the Income Tax Act. The Tribunal found no need for disallowance under Section 40(a)(ia) due to proper accounting by the recipient and the retrospective effect of the law. The appeal was dismissed on 21st July 2015. Case-Laws Income Tax Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295245