Trademark Payments Deemed Capital, Not Allowable as Revenue Expenditure or Depreciable Asset u/ss 37(1) and 32(1).

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....Ownership of trademark did not rest wholly or partly with the Assessee and the payment were of enduring benefit and capital is in nature and therefore it was neither allowable u/s 37(1) as Revenue expenditure nor qualified for depreciation u/s 32(1) - AT....