https://www.taxtmi.com/caselaws?id=303868 The ITAT dismissed the revenue's appeal against the deletion of the addition for trademark license utilization fees. The ITAT upheld the CIT(A)'s decision that the fees constituted revenue expenditure, not capital, as the licensee did not acquire ownership of the trademark. The ITAT emphasized that the licensor retained ownership, and the licensee did not gain valuable rights in the trademark. The decision was based on previous rulings and the nature of the expenditure, leading to the dismissal of the revenue's appeal on 29-09-2021. en-us Wed, 29 Sep 2021 00:00:00 +0530 Sun, 21 Aug 2022 19:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303868 The ITAT dismissed the revenue's appeal against the deletion of the addition for trademark license utilization fees. The ITAT upheld the CIT(A)'s decision that the fees constituted revenue expenditure, not capital, as the licensee did not acquire ownership of the trademark. The ITAT emphasized that the licensor retained ownership, and the licensee did not gain valuable rights in the trademark. The decision was based on previous rulings and the nature of the expenditure, leading to the dismissal of the revenue's appeal on 29-09-2021. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303868