Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2015 (11) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 496 - SC - Income TaxAppeal admitted on following question of laws: Whether the Appellate Tribunal has substantially erred in holding that Product Registration expenses are revenue in nature when the Product Registration expenses made to Drug Regulatory Authorities in various countries give enduring benefit of exporting the registered drugs for many years? Whether the Appellate Tribunal has substantially erred in holding that Trademark Registration fee and Patent fee (Rs.37,92,606/- and ₹ 15,49,880/-) are revenue expenses, when the expenses were incurred for registration of Trademark in that country and also for registration of Patent, which are intangible assets under section 32(1)(ii) of the Act? Whether the Appellate Tribunal has substantially erred in holding that the expenses incurred outside the approved R & D facility would also get weighted deduction based on the word under "on in house" interpreting contradictorily to the finding of coordinate bench in Concept Pharmaceuticals Ltd. v. ACIT (2010 (11) TMI 147 - ITAT, MUMBAI)?
|