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Income Tax - Highlights / Catch Notes

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Treatment of the technical fees paid to M/s Mahindra & Mahindra ...


Commissioner of Income Tax (Appeals) Confirms Technical Fees for Design and Tooling as Revenue Expenditure.

July 7, 2017

Case Laws     Income Tax     AT

Treatment of the technical fees paid to M/s Mahindra & Mahindra for use of design, drawing production tooling for manufacturing of independent front suspension - nature of expenditure - the decision of the Ld. CIT(A) in treating the payment as held to be revenue in nature is correct one.

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