Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1995 (2) TMI 32 - HC - Income Tax
Extract:
.......c. None of the items of expenditure as shown in section 35B(1)(b) of the Act is attracted on the payment of royalty. The Tribunal has thus, on the first question, rightly decided in favour of the assessee and on the second question, erred in holding in favour of the assessee. The two questions in the instant case are answered accordingly. No costs.