https://www.taxtmi.com/caselaws?id=295960 The Tribunal dismissed Revenue's appeal in ITA No.1921/Mds/2016 for the assessment year 2005-06, upholding the treatment of logo charges as revenue expenditure. The Tribunal considered legal precedents and the terms of the agreement, concluding that the logo charges were for the exclusive purpose of the assessee's business and not capital expenditure. The decision aligned with previous orders in the assessee's case for other assessment years, emphasizing that the ownership rights of the trademark remained with the licensor, making the payments akin to revenue expenditure. en-us Thu, 08 Sep 2016 00:00:00 +0530 Fri, 09 Jul 2021 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295960 The Tribunal dismissed Revenue's appeal in ITA No.1921/Mds/2016 for the assessment year 2005-06, upholding the treatment of logo charges as revenue expenditure. The Tribunal considered legal precedents and the terms of the agreement, concluding that the logo charges were for the exclusive purpose of the assessee's business and not capital expenditure. The decision aligned with previous orders in the assessee's case for other assessment years, emphasizing that the ownership rights of the trademark remained with the licensor, making the payments akin to revenue expenditure. Case-Laws Income Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295960