2019 (8) TMI 1842 - SC - Income Tax

Nature of expenditure - technical knowhow expenditure - revenue or capital expenditure - only objection of the AO was that by virtue of the amendment in Section 32 this position would no longer be valid - Income accrued in India - attempt to tax the income in the hands of the assessee in relation to the assessee s units situated at USA and UK - HELD THAT - The special leave petition is dismissed. Pending application stands disposed of.

Summary

The Supreme Court of India dismissed the special leave petition. Delay was condoned and pending application was disposed of. Key names include Justice Rohinton Fali Nariman, Justice Surya Kant, and legal representatives for both petitioner and respondent.