Section 37(1) of Income-tax Act – Expenditure incurred for imparting technical know-how to assessee’s personnel has to be deducted under section 37(1) and it does not fall under section 35AB

CASE LAWS DETAILS DECIDED BY: HIGH COURT OF KARNATAKA, IN THE CASE OF: CIT Vs. Molex (India) Ltd., APPEAL NO: ITA No. 1536 of 2005, DECIDED ON July 13, 2010 RELEVANT PARAGRAPH 8. It is significant to note that the assessee had to directly bear the air fare and other traveling and living expenses of each such technician. Further, the assessee had to pay Molex, fees as was mutually agreed and as was permissible, per man for each day. The said payment was in addition to the air fare and other traveling living expenses of the technicians to be borne directly by the licensee. Therefore, it is clear...