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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Deduction towards license fee, external development charges and ...


Voluntary Payments Not Deductible: No Obligation for License Fees and Charges to Original Allottee, Rules Court.

February 11, 2017

Case Laws     Income Tax     HC

Deduction towards license fee, external development charges and conversion charges - the appellant was under no obligation to make any payments to the original allottee - The payment is of its free volition and under no legal obligation under any of the documents relied upon by the appellant - deduction of exependiture not allowed - HC

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