Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
Validity of Judgement of High Court - While admitting the appeal of the Revenue, the High Court has framed 10 question of laws - However, while disposing the appeal, the High Court observed that, no substantial question of law arises out of the judgment rendered by the Income Tax Appellate Tribunal. - While allowing the Appeal of the Revenue, Supreme Court restored the matter before the High Court.
Validity of Judgement of High Court - While admitting the appeal of the Revenue, the High Court has framed 10 question of laws - However, while disposing the appeal, the High Court observed that, no substantial question of law arises out of the judgment rendered by the Income Tax Appellate Tribunal. - While allowing the Appeal of the Revenue, Supreme Court restored the matter before the High Court.
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