Dy. CIT v. Sharda Cropchem Ltd. (2019) 178 DTR 83/ 71 ITR 141/199 TTJ 960 (Mum.)(Trib.)

S. 37(1) : Business expenditure-Product registration expenses-Allowable as revenue expenditure.

If the assessee has incurred product registration expenses for the purpose of registering its product and is a trader and not a manufacturer and such expenditure is of a recurring nature then such expenses are not towards purchasing a capital asset nor any benefit is derived which is of an enduring nature and therefore such expenses are entirely allowable as revenue expenditure. (AY.  2013-2014)