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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Nature of expenses - co branding fees - capital expenditure or ...

Case Laws     Income Tax

February 10, 2023

Nature of expenses - co branding fees - capital expenditure or revenue expenditure - Assessee did not have absolute ownership of brand name of AMW and merely obtain right and license to use the said brand name on the products manufactured by the assessee. The use of the co brand license product was also only for one customer i.e. AMW itself. - claim allowed - AT

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