Dismissing the appeal of the revenue the Tribunal held that annual Deloitte Touche Tohmatsu (DTT) technology subscription paid for utilizing brand and technology not being made for acquiring any asset of enduring benefit should be allowed as a revenue expenditure. (AY 2007-08) (ITA Nos. 6787 & 6489/Mum/2014 dt. 27-02-2019)
Deloitte Touche Tohmatsu India P. Ltd. v. DCIT (2019) 71 ITR 301/ 179 ITD 78/( 2020) 196 DTR 349/ 208 TTJ 956 (Mum.)(Trib.)
S. 37(1) : Business expenditure–Capital or revenue–Deloitte Touche Tohmatsu (DTT) technology subscription-Payment for utilizing brand and technology not being made for acquiring any asset of enduring benefit should be allowed as a revenue expenditure.