Where payment was made by assessee for ‘use of’ trademarks and not for acquiring trademarks as an owner, and ownership in trademarks would remain intellectual property of licensor, said payment was to be treated as a revenue expenditure (AY. 2007-08 )
GKN Driveline (India) Ltd. v. Dy. CIT (2018) 62 ITR 784 (Delhi)(Trib.)
S. 37(1) : Business expenditure -Capital or revenue – Trade mark expenses for use allowable as revenue expenses .