[aaykarbhavan] Payment of fees for technical know-how is out of scope of sec. 35AB if it’s considered as revenue exp.

 

Payment of fees for technical know-how is out of scope of sec. 35AB if it's considered as revenue exp.

May 28, 2014[2014] 45 taxmann.com 143 (Gujarat)

IT : Even if there is expenditure for acquisition of technical know-how, provision of section 35AB would not apply, if it is revenue expenditure; it is allowable only under section 37(1)

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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