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ITAT justified categorization of fees for use of trademark as capital exp. as it was having an enduring benefit
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Corporate Tax
ITAT justified categorization of fees for use of trademark as capital exp. as it was having an enduring benefit
Posted on
on
September 6, 2018
Tenet Tax Daily September 05 2018
By
tenettax-team
Corporate Tax
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Only interest income & not entire investment was to taxed if trust had given loans from its surplus funds
Exp. incurred on education of director’s son having no nexus with business couldn’t be allowed: HC
