https://www.taxtmi.com/caselaws?id=345314 The ITAT Chennai ruled in favor of the Assessee regarding the treatment of expenditure towards technical know-how, allowing it as revenue expenditure. The ITAT also partially sided with the Assessee on the disallowance under section 14A r.w.Rule 8(2)(ii), remitting the issue back to the AO for fresh consideration. The judgment provided a detailed analysis of legal interpretations and precedents supporting the Assessee's position on both issues. en-us Mon, 03 Apr 2017 00:00:00 +0530 Thu, 13 Jul 2017 07:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345314 The ITAT Chennai ruled in favor of the Assessee regarding the treatment of expenditure towards technical know-how, allowing it as revenue expenditure. The ITAT also partially sided with the Assessee on the disallowance under section 14A r.w.Rule 8(2)(ii), remitting the issue back to the AO for fresh consideration. The judgment provided a detailed analysis of legal interpretations and precedents supporting the Assessee's position on both issues. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345314