Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 1174 - AT - Income TaxExpenses on periodical technical training programme - Capital or revenue in nature - Held that:- As per the Technical License Agreement, the assessee company shall bear the cost of round trips, meals, lodging and other expenses of the personnel of the Korean Company sent for training - The expenditure has been incurred towards the reimbursement of expenses incurred towards, Korean Company’s engineers visiting the assessee-company for providing technical support and training - The expenditure is clearly revenue in nature - Decided against Revenue.
|