https://www.taxtmi.com/caselaws?id=281301 The court admitted the appeal to determine the appropriate legal provisions applicable to development expenses incurred on technical knowhow under Section 37 versus Section 35AB of the Income Tax Act. It questioned the remittance of the issue concerning the allowability of development expenses for providing knowhow to manufacture engines. The court concluded that other questions raised were not substantial, rejecting the appeal to that extent. The respondent waived service, and the case was scheduled to be heard along with another related Income Tax Appeal, emphasizing the importance of clarifying legal aspects related to development expenses under the Income Tax Act. en-us Tue, 15 Apr 2014 00:00:00 +0530 Thu, 13 Jun 2019 06:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281301 The court admitted the appeal to determine the appropriate legal provisions applicable to development expenses incurred on technical knowhow under Section 37 versus Section 35AB of the Income Tax Act. It questioned the remittance of the issue concerning the allowability of development expenses for providing knowhow to manufacture engines. The court concluded that other questions raised were not substantial, rejecting the appeal to that extent. The respondent waived service, and the case was scheduled to be heard along with another related Income Tax Appeal, emphasizing the importance of clarifying legal aspects related to development expenses under the Income Tax Act. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281301