Dismissing the appeal of the revenue the court held that acquisition of non-transferable sub-licence is held to be allowable as revenue expenditure . ( AY.2011-12)
PCIT v. Western Agri Seeds Ltd. (2020) 424 ITR 244 /192 DTR 142/ 316 CTR 590 (Guj)(HC)
S.37(1): Business expenditure -Capital or revenue -Acquisition of non-transferable sub-licence – Allowable as revenue expenditure.
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