https://www.taxtmi.com/caselaws?id=32546 The Supreme Court remitted a case to the Punjab and Haryana High Court regarding the applicability of Section 35AB of the Income Tax Act, 1961, in a dispute involving royalty payments under a technology transfer agreement. The Court emphasized the need to determine if the expenditure was revenue or capital in nature, highlighting the potential impact on the application of Section 35AB. The Supreme Court refrained from deciding on the nature of the expenditure, leaving it for the High Court to analyze the agreement and make a determination. The case was remitted for fresh consideration without costs. en-us Tue, 06 May 2008 00:00:00 +0530 Fri, 06 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32546 The Supreme Court remitted a case to the Punjab and Haryana High Court regarding the applicability of Section 35AB of the Income Tax Act, 1961, in a dispute involving royalty payments under a technology transfer agreement. The Court emphasized the need to determine if the expenditure was revenue or capital in nature, highlighting the potential impact on the application of Section 35AB. The Supreme Court refrained from deciding on the nature of the expenditure, leaving it for the High Court to analyze the agreement and make a determination. The case was remitted for fresh consideration without costs. Case-Laws Income Tax Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32546