https://www.taxtmi.com/caselaws?id=28379 The High Court of Madhya Pradesh ruled that a payment for the exploitation of a trade mark, treated as a trade mark commission, was deductible as revenue expenditure akin to royalty. The court held that the payment was not for the acquisition of a capital asset but for the use of the trade mark, affirming it as a revenue expenditure. Consequently, the court decided in favor of the assessee, determining that the payment of Rs. 25,001 was indeed a revenue expenditure. The parties were directed to bear their own costs in this reference. en-us Mon, 11 Oct 1982 00:00:00 +0530 Mon, 22 Feb 2010 10:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28379 The High Court of Madhya Pradesh ruled that a payment for the exploitation of a trade mark, treated as a trade mark commission, was deductible as revenue expenditure akin to royalty. The court held that the payment was not for the acquisition of a capital asset but for the use of the trade mark, affirming it as a revenue expenditure. Consequently, the court decided in favor of the assessee, determining that the payment of Rs. 25,001 was indeed a revenue expenditure. The parties were directed to bear their own costs in this reference. Case-Laws Income Tax Mon, 11 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28379