Order of Tribunal deleting the disallowance of licence fee is affirmed. Followed, CIT v. Nestle India Ltd. (2011) 337 ITR 103 (Delhi)(HC) (AY.2013-14)
PCIT v. Nestle India Ltd. (No. 1) (2023)457 ITR 210/153 taxmann.com 150 (Delhi)(HC)
S. 37(1) : Business expenditure-Licence fee-Allowable as deduction.