https://www.taxtmi.com/highlights?id=72884 Nature of expenses - payment of royalty - revenue or capital expenditure - Permission to user the name and Trade Mark - Royalty is payable on the basis of Annual Sales Turnover - No new asset was acquired by the assessee. The assessee merely acted as user. - CIT(A) rightly allowed the same as revenue expenditure - AT en-us Fri, 03 Nov 2023 13:43:02 +0530 Fri, 03 Nov 2023 13:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72884 Nature of expenses - payment of royalty - revenue or capital expenditure - Permission to user the name and Trade Mark - Royalty is payable on the basis of Annual Sales Turnover - No new asset was acquired by the assessee. The assessee merely acted as user. - CIT(A) rightly allowed the same as revenue expenditure - AT Highlights Income Tax Fri, 03 Nov 2023 13:43:02 +0530 https://www.taxtmi.com/highlights?id=72884