Trademark registration expenditure is revenue expenditure

Add. CIT Vs Precision Bearing Pvt. Ltd. (ITAT Ahmedabad)

Held that the expenditure incurred on mere registration of trade-mark is a revenue expenditure

Facts-

The assessee filed return declaring a total income of Rs. 5,14,90,540/-. The case was selected under scrutiny and statutory notices were issued. Finally, AO completed assessment u/s 143(3) at a total income of Rs. 7,18,09,430/-. AO disallowed the expenditure of Rs.

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