https://www.taxtmi.com/caselaws?id=65546 Periodic licence fee and transponder hire charges for use of a telecommunication licence and satellite space segment were treated as revenue expenditure because they secured only business use, not ownership of a capital asset or an enduring advantage, and section 35ABB was held inapplicable. Stipend paid to engineering graduates on probation was allowable as business expenditure because it formed part of employee remuneration incurred wholly and exclusively for business. Replacement of faulty parts, related import charges, and civil, electrical and allied repair works to existing premises were also treated as revenue in nature because they related to maintenance of existing assets. Management fees paid to a group company were not disallowed under section 40A(2)(b) absent evidence that the payment was excessive or unreasonable. en-us Fri, 30 Jan 2009 00:00:00 +0530 Mon, 30 Oct 2023 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65546 Periodic licence fee and transponder hire charges for use of a telecommunication licence and satellite space segment were treated as revenue expenditure because they secured only business use, not ownership of a capital asset or an enduring advantage, and section 35ABB was held inapplicable. Stipend paid to engineering graduates on probation was allowable as business expenditure because it formed part of employee remuneration incurred wholly and exclusively for business. Replacement of faulty parts, related import charges, and civil, electrical and allied repair works to existing premises were also treated as revenue in nature because they related to maintenance of existing assets. Management fees paid to a group company were not disallowed under section 40A(2)(b) absent evidence that the payment was excessive or unreasonable. Case-Laws Income Tax Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65546