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. 7,96,041/- on the registration the of trade-mark of its products in different countries alleging that the expenditure gives the assessee enduring right and therefore it’s a ...