https://www.taxtmi.com/caselaws?id=303848 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the deduction of trademark license fees as revenue expenditure. The ongoing use of the trademark did not result in the acquisition of a capital asset, and the licensee did not gain any valuable rights beyond the temporary use of the trademark. The Tribunal emphasized that the licensor retained control over the trademark, making the expense deductible as revenue expenditure. Consequently, the Revenue's appeal for AY 2012-13 and other related appeals for subsequent years were dismissed based on the identical issue involved. en-us Wed, 18 Dec 2019 00:00:00 +0530 Sat, 20 Aug 2022 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303848 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the deduction of trademark license fees as revenue expenditure. The ongoing use of the trademark did not result in the acquisition of a capital asset, and the licensee did not gain any valuable rights beyond the temporary use of the trademark. The Tribunal emphasized that the licensor retained control over the trademark, making the expense deductible as revenue expenditure. Consequently, the Revenue's appeal for AY 2012-13 and other related appeals for subsequent years were dismissed based on the identical issue involved. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303848