Expenditure incurred by the assessee towards the procurement of...
Taxpayer's Lump Sum for Technical Know-How is Revenue Expenditure, Not Capital, Says High Court; Section 37 Applies.
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Income TaxMay 1, 2015Case LawsHC
Expenditure incurred by the assessee towards the procurement of technical know how by paying a lumpsum consideration for use in the course of business is a revenue expenditure falling u./s 37 and the provisions of Section 35 AB are not applicable - HC