https://www.taxtmi.com/caselaws?id=472299 Brand-development outlays incurred in an existing business are revenue expenditure where they support the profit-earning process and create no capital asset; commercial expediency cannot be displaced without evidence of non-business purpose. Additional deduction claims may be considered in appellate proceedings, and accrued redemption premium on transferable zero-coupon debentures is deductible where no identifiable payee gives rise to withholding obligations. Corporate guarantees require a service charge but are not benchmarked as bank guarantees; a 0.2% fee reflected limited benefit. Aircraft treated as aeroplanes qualify for 40% depreciation. Investment shares consistently held as investments and sold through limited delivery-based transactions generate capital gains, supported by consistency of past treatment. en-us Fri, 04 Apr 2025 00:00:00 +0530 Wed, 07 Oct 2026 13:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472299 Brand-development outlays incurred in an existing business are revenue expenditure where they support the profit-earning process and create no capital asset; commercial expediency cannot be displaced without evidence of non-business purpose. Additional deduction claims may be considered in appellate proceedings, and accrued redemption premium on transferable zero-coupon debentures is deductible where no identifiable payee gives rise to withholding obligations. Corporate guarantees require a service charge but are not benchmarked as bank guarantees; a 0.2% fee reflected limited benefit. Aircraft treated as aeroplanes qualify for 40% depreciation. Investment shares consistently held as investments and sold through limited delivery-based transactions generate capital gains, supported by consistency of past treatment. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472299