Home › Tax Laws › PCIT v. Merck Ltd. (2020) 185 DTR 401 / 312 CTR 242/ 275 Taxman 181/ ( 2021 ) 434 ITR 596 (Bom.) (HC)

PCIT v. Merck Ltd. (2020) 185 DTR 401 / 312 CTR 242/ 275 Taxman 181/ ( 2021 ) 434 ITR 596 (Bom.) (HC)

S. 37(1) : Business expenditure–Technical consultancy fees is held to be allowable business expenditure.

Dismissing the appeal of the revenue the Court held that Technical consultancy fees is held to be allowable business expenditure.  (AY. 2010-11)