Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]

Technical know-how - fees - revenue expenditure - ITAT - disallowance - AO - Taxscan

Expenditure on technical know-how fees is revenue expenditure, Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Anil Chaturvedi, Accountant Member and N K Choudhary, Judicial Member deleted disallowance made by Assessing Officer (AO). The assessee, M/s. Voith Paper Fabrics India Ltd. is a Company stated to be engaged in the business of manufacturing of…

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