https://www.taxtmi.com/highlights?id=76734 Nature of expenses - Relaunch expenses - deferred revenue expenditure claimed to the extent of 1/3rd in each of the year -The tribunal disagreed with the AO's categorization of the relaunch expenses as capital expenditure. It recognized these expenses as revenue in nature, incurred during the ordinary course of business for rebranding and promotional activities. The tribunal referenced several precedents where similar expenses were treated as revenue expenses, thereby allowing the appeal on this point. en-us Fri, 19 Apr 2024 14:42:06 +0530 Fri, 19 Apr 2024 14:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76734 Nature of expenses - Relaunch expenses - deferred revenue expenditure claimed to the extent of 1/3rd in each of the year -The tribunal disagreed with the AO's categorization of the relaunch expenses as capital expenditure. It recognized these expenses as revenue in nature, incurred during the ordinary course of business for rebranding and promotional activities. The tribunal referenced several precedents where similar expenses were treated as revenue expenses, thereby allowing the appeal on this point. Highlights Income Tax Fri, 19 Apr 2024 14:42:06 +0530 https://www.taxtmi.com/highlights?id=76734