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Income Tax - Highlights / Catch Notes

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Treatment of the technical fees paid to M/s Mahindra & Mahindra ...

Income Tax

July 7, 2017

Treatment of the technical fees paid to M/s Mahindra & Mahindra for use of design, drawing production tooling for manufacturing of independent front suspension - nature of expenditure - the decision of the Ld. CIT(A) in treating the payment as held to be revenue in nature is correct one.

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