https://www.taxtmi.com/caselaws?id=295956 The Tribunal upheld the CIT(Appeals)' decision to treat franchisee expenses as revenue expenditure, dismissing the revenue's appeal. The Tribunal emphasized that the payments did not confer enduring benefits, were recurring, and directly related to sales. Referring to relevant case law, it concluded that the expenses were part of day-to-day operations, justifying their treatment as revenue expenditure. Consequently, the revenue's appeal was dismissed, rendering the assessee's cross-objection infructuous, which was also dismissed. en-us Mon, 28 Sep 2020 00:00:00 +0530 Fri, 09 Jul 2021 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295956 The Tribunal upheld the CIT(Appeals)' decision to treat franchisee expenses as revenue expenditure, dismissing the revenue's appeal. The Tribunal emphasized that the payments did not confer enduring benefits, were recurring, and directly related to sales. Referring to relevant case law, it concluded that the expenses were part of day-to-day operations, justifying their treatment as revenue expenditure. Consequently, the revenue's appeal was dismissed, rendering the assessee's cross-objection infructuous, which was also dismissed. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295956