2020 (1) TMI 927 - SCH - Income Tax

Payment towards trade mark and use of expertise in the field of commerce, finance etc - capital or revenue expenditure - HELD THAT - On instructions issued by the Department of Revenue, Ministry of Finance vide F.No.390/Misc./116/2017-JC dated 22.08.2019, seeks permission to withdraw this special leave petition along with pending applications therein due to low tax effect. The special leave petition and pending applications are dismissed as withdrawn, leaving question(s) of law open.

Summary

The Supreme Court allowed the petitioner to withdraw the special leave petition and pending applications due to low tax effect. The petition and applications were dismissed as withdrawn, leaving questions of law open.