https://www.taxtmi.com/caselaws?id=427548 The Tribunal dismissed Revenue's appeal against CIT(A)'s decision to allow product registration expenses as revenue in nature. The Tribunal upheld the CIT(A)'s order, emphasizing the lack of response from the assessee and reliance on precedents where similar expenses were considered revenue. The Tribunal noted the mandatory nature of the expenses for exporting pharmaceutical products and the absence of enduring benefits. Based on these factors and the absence of contrary decisions from higher authorities, the Tribunal affirmed the CIT(A)'s decision, concluding there was no reason to interfere. en-us Fri, 26 Aug 2022 00:00:00 +0530 Sat, 10 Sep 2022 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427548 The Tribunal dismissed Revenue's appeal against CIT(A)'s decision to allow product registration expenses as revenue in nature. The Tribunal upheld the CIT(A)'s order, emphasizing the lack of response from the assessee and reliance on precedents where similar expenses were considered revenue. The Tribunal noted the mandatory nature of the expenses for exporting pharmaceutical products and the absence of enduring benefits. Based on these factors and the absence of contrary decisions from higher authorities, the Tribunal affirmed the CIT(A)'s decision, concluding there was no reason to interfere. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427548