2014 (4) TMI 1246

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..... and in the circumstances of the case and in law the Income Tax Appellate Tribunal was justified in allowing development expenses amounting to ₹ 8,93,56,131/which were incurred on technical knowhow under Section 37 of the Income Tax Act even though such expenditure was covered under Section 35AB of the Income Tax Act ? (B) Whether on the facts and in the circumstances of the case and in l .....

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..... ompanion appeal being Income Tax Appeal No.901 of 2011, this appeal is also admitted on the following substantial questions of law: ( A) Whether on the facts and in the circumstances of the case and in law the Income Tax Appellate Tribunal was justified in allowing development expenses amounting to ₹ 8,93,56,131/which were incurred on technical knowhow under Section 37 .....

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