TMI BlogOwnership of trademark did not rest wholly or partly with the Assessee and the payment were of enduring...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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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