https://www.taxtmi.com/caselaws?id=304309 The ITAT Chennai dismissed the Revenue's appeals for AYs 2005-06, 2006-07, and 2009-10, confirming the CIT(Appeals)'s decisions to allow depreciation on trademarks and licenses, treat service charges as revenue expenditure, and accept the payment towards technical advisory and management fees as business expenses. The Tribunal consistently followed its previous rulings in the assessee's favor, ensuring compliance with the provisions of the Income Tax Act and recognizing the commercial rationale behind the expenditures. en-us Fri, 31 Jan 2014 00:00:00 +0530 Mon, 19 Sep 2022 20:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304309 The ITAT Chennai dismissed the Revenue's appeals for AYs 2005-06, 2006-07, and 2009-10, confirming the CIT(Appeals)'s decisions to allow depreciation on trademarks and licenses, treat service charges as revenue expenditure, and accept the payment towards technical advisory and management fees as business expenses. The Tribunal consistently followed its previous rulings in the assessee's favor, ensuring compliance with the provisions of the Income Tax Act and recognizing the commercial rationale behind the expenditures. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304309