Section 35AB applies to both capital expenditure and revenue expenditure

Page ContentsMs. Standard Batteries Ltd. Vs CIT (Bombay High Court)1. Section 35AB(1) : Obtaining of technical knowhow under a license would also amount to acquiring knowhow  2. Section 35AB:  Making of lumpsum payment in 3 installments would not make the payment any less a lumpsum payment3. Expenditure on knowhow which is used for the purposes of carrying on business would stand covered by Section 35AB of the Act4. Section 35AB applies to both capital expenditure and revenue expenditure Ms. Standard Batteries Ltd. Vs CIT (Bombay High Court) 1. Section 35AB(1) : Obtaining of technical ...