Deduction Denied: Payments to GVF Lacked Evidence of Marketable Trademark Value, Disallowing Expenses u/s 37.

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....Claim of deduction u/s. 37 in respect of amounts paid to GVF - there is nothing on record to suggest that trademark in question, had any marketable value and that the Assessee used said trademark for purpose of its products - Expenses not allowed.....