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Know-how expense for a particular customer is revenue expenditure
Case Law Details
- Case Name
- Commissioner of Income-tax, Chennai Vs TTG Industries Ltd. (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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HIGH COURT OF MADRAS
Commissioner of Income-tax, Chennai
V/s.
TTG Industries Ltd.
Tax Case (Appeal) No. 1274 of 2005
June 8, 2012
ORDER
Mrs. Chitra Venkataraman, J.
The following is the question of law raised in this tax case appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal relating to the assessment year 1996-97.
Whether in the facts and circumstances of the case, the Tribunal was right in holding that payment for know-how is deductible under Section 37 as a Revenue expenditure, when there is a specific section i.e., Section 35AB covering the same ?
2. The as...
