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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Ownership of trademark did not rest wholly or partly with the ...

Case Laws     Income Tax

May 8, 2014

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

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