Know-how expenditure qualifies for deduction u/s 37 as revenue expenditure, not limited by Section 35AB restrictions.

Know-how expenditure qualifies for deduction u/s 37 as revenue expenditure, not limited by Section 35AB restrictions. https://www.taxtmi.com/highlights?id=7292 Expenditure on know-how – Deduction of revenue expenditure was available u/s 37 and such deduction cannot be curtailed or limited by applying section 35AB. - HC en-us Mon, 01 Apr 2013 07:51:30 +0530 Mon, 01 Apr 2013 07:51:30 +0530 TaxTMI RSS Generator Know-how expenditure qualifies for deduction u/s 37 as revenue expenditure, not limited by Section 35AB restrictions. https://www.taxtmi.com/highlights?id=7292 Expenditure on know-how – Deduction of revenue expenditure was available u/s 37 and such deduction cannot be curtailed or limited by applying section 35AB. - HC Highlights Income Tax Mon, 01 Apr 2013 07:51:30 +0530 https://www.taxtmi.com/highlights?id=7292