Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (5) TMI 58 - HC - Income TaxPayment made for acquiring know-how services connected plant purchased by the assessee in Finland and installation of the same in India – not deductible u/s 35AB – tribunal is not justified in allowing deduction u/s 35AB – tribunal observation that assessee would enjoy more depreciation than deduction claimed, hence allowing deduction u/s 35AB, is not justified – amount paid on account of royalty and cess of royalty as a percentage of net selling price of licensed product, deductible u/s 37
|