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2004 (9) TMI 24 - HC - Income TaxPayment made by assessee to sister concern for getting technical know-how - Whether the provisions of section 35AB are attracted in the facts of the case notwithstanding the finding recorded by the Tribunal that the payment in question made by the assessee to its sister concern is in the nature of revenue expenditure, or in other words notwithstanding the fact that the payment in question made by the assessee to its sister concern is regarded as revenue expenditure, whether the provisions of section 35AB are attracted for claiming deduction, or not. - held that notwithstanding the fact that though payment made by the assessee was in the nature of revenue expenditure, yet the provisions of section 35AB ibid will apply.
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