https://www.taxtmi.com/caselaws?id=217034 The Court dismissed the Revenue's appeal against the ITAT order allowing deduction of upfront fee and bank charges under Section 40(a)(ii). The Court upheld the ITAT's decision, emphasizing that the payment of taxes was integral to the consideration for acquiring the know-how, in line with Section 35AB. The Court found no substantial question of law and affirmed the allowance of the deduction, resulting in the dismissal of the appeal. en-us Tue, 18 Sep 2012 00:00:00 +0530 Thu, 30 Jul 2026 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217034 The Court dismissed the Revenue's appeal against the ITAT order allowing deduction of upfront fee and bank charges under Section 40(a)(ii). The Court upheld the ITAT's decision, emphasizing that the payment of taxes was integral to the consideration for acquiring the know-how, in line with Section 35AB. The Court found no substantial question of law and affirmed the allowance of the deduction, resulting in the dismissal of the appeal. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217034