The assessee-company, engaged in the business of manufacture, trading and marketing of healthcare products especially for veterinary needs, was in the business of veterinary pharmaceuticals since 2002. For the A Y. 2017-18, the Assessing Officer disallowed the products registration expenses to the tune of Rs.47,21,095 claimed by the assessee. The Commissioner (Appeals) dismissed the appeal of the assessee. On appeal the Tribunal held, that the products registration expenses were allowable as revenue expenditure and the finding of the Commissioner (Appeals) was to be set aside. (AY.2017-18)