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2016 (1) TMI 124 - AT - Income TaxExpenditure incurred by the assessee with regard to payment of logo charges - assessee claimed the same as revenue expenditure but AO treated both the payments as capital in nature and allowed depreciation @ 25% - CIT(A) allowed the claim of the assessee by holding that the payments are in the revenue field - Held that:- We have carefully gone through the order of this Tribunal in assessee's own case for assessment years 2002-03 to 2007-08 wherein found that the payment of royalty and logo charges are revenue in nature, therefore, has to be allowed while computing the taxable income. In view of the order of this Tribunal in assessee's own case for assessment years 2002-03 to 2007-08, this Tribunal do not find any reason to interfere with the order of the lower authority. Merely because an appeal against the order of this Tribunal is said to be pending before the High Court, that cannot be a reason to take a different view. - Decided against revenue
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