Dismissing the appeal of the revenue the Tribunal held that the amount paid as per collaboration agreement for financial and technical assistance on commercial expediency, disallowance is held to be not valid. (AY. 2010 11)
ACIT v. Vishnu Apartments (P.) Ltd. (2020) 183 ITD 63/204 TTJ 33(UO) (Delhi)(Trib.)
S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Real estate development-Collaboration agreement-Financial and technical assistance-Commercial expediency-Disallowance is held to be not valid.