https://www.taxtmi.com/caselaws?id=66200 In the case, the Tribunal ruled in favor of the assessee on both issues. Regarding the deductibility of expenditure for acquisition of know-how under Section 35AB, the Tribunal held that the know-how was acquired for business purposes, and the units were considered a single business, entitling the assessee to the deduction. The Tribunal also allowed the deduction under Section 80HHC, finding the agreement with a sister concern genuine and the assessee entitled to the claimed deductions. The lower authorities' decisions disallowing the deductions were reversed, and the assessee was granted the deductions as claimed. en-us Mon, 23 Aug 1993 00:00:00 +0530 Tue, 22 Feb 2011 11:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66200 In the case, the Tribunal ruled in favor of the assessee on both issues. Regarding the deductibility of expenditure for acquisition of know-how under Section 35AB, the Tribunal held that the know-how was acquired for business purposes, and the units were considered a single business, entitling the assessee to the deduction. The Tribunal also allowed the deduction under Section 80HHC, finding the agreement with a sister concern genuine and the assessee entitled to the claimed deductions. The lower authorities' decisions disallowing the deductions were reversed, and the assessee was granted the deductions as claimed. Case-Laws Income Tax Mon, 23 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66200