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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Expenditure incurred for the purpose of acquiring know-how was ...

Case Laws     Income Tax

December 7, 2011

Expenditure incurred for the purpose of acquiring know-how was required to be treated only in accordance with Section 35AB and the deduction that was allowable was one-sixth of the amount paid as lump sum consideration for acquiring the know-how .... - HC

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