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 h

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