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2022 (9) TMI 493 - AT - Income TaxNature of expenses - product registration expenses - revenue or capital expenditure - Claim denied by the AO holding that Marketing Intangible assets are created in favour of the assessee since the assessee would be entitled to enduring benefits on account of this expenditure - HELD THAT:- We have noted that the assessee had explained the nature of expenses so claimed relating to product registration as being mandatorily required as per the laws of the country to which the products were exported. CIT(A) however noted that identical expenses had been held to be revenue in nature by the Hon'ble Jurisdictional High Court in the case of Torrent Pharma [2013 (4) TMI 570 - GUJARAT HIGH COURT] and Cadila Healthcare Ltd. [2013 (3) TMI 539 - GUJARAT HIGH COURT] and following which decisions in the case of the assessee also, the claim in the preceding year was allowed Since the issue admittedly stands decided in favour of the assessee in the preceding year by the first appellate authority and the Revenue having not brought to our notice any decision of higher authorities reversing the order of the Ld. CIT(A) or any other contrary decision of higher authorities in similar facts, we see no reason to interfere in the order of the ld. CIT(A). Appeal of the Revenue is dismissed.
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