| COURT: | ITAT Delhi |
| CORAM: | B. C. Meena (AM), Rajpal Yadav (JM) |
| SECTION(S): | 37(1) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | business expenditure, commercial expediency |
| COUNSEL: | Ved Jain |
| DATE: | October 14, 2014 (Date of pronouncement) |
| DATE: | October 15, 2014 (Date of publication) |
| AY: | 2005-06 & 2006-07 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Expenditure by way of royalty for use of technology cannot be disallowed on the ground of being capital in nature or for non-business purpose | |
The arrangement between the assessee and the Australian company has been duly signed by both the parties. The rate per piece has also been specified therein. The royalty has been paid in actual. MACNAUGHT is not a related concern of …
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