https://www.taxtmi.com/caselaws?id=49737 Expenditure on first-time trade mark registration was treated as revenue expenditure because it did not create a new capital asset or alter the capital structure of the business. Registration merely reduced the burden of proving title in litigation, gave a prima facie evidentiary advantage, and provided an incidental business , while the underlying common law right against infringement remained intact. The separately assignable and time-limited nature of the registered right did not change the character of the outlay. Applying the capital-revenue distinction, the payment was held to be incurred for the conduct of business and allowable as a deduction. en-us Mon, 01 Oct 1951 00:00:00 +0530 Fri, 12 Sep 2014 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49737 Expenditure on first-time trade mark registration was treated as revenue expenditure because it did not create a new capital asset or alter the capital structure of the business. Registration merely reduced the burden of proving title in litigation, gave a prima facie evidentiary advantage, and provided an incidental business , while the underlying common law right against infringement remained intact. The separately assignable and time-limited nature of the registered right did not change the character of the outlay. Applying the capital-revenue distinction, the payment was held to be incurred for the conduct of business and allowable as a deduction. Case-Laws Income Tax Mon, 01 Oct 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49737