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.

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)

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