https://www.taxtmi.com/caselaws?id=456947 The ITAT allowed the assessee's appeal, directing the AO to permit the deduction of INR 250,17,14,636 for technical know-how fees as revenue expenditure for the assessment year 2016-17. This decision followed the Tribunal's consistent stance in the assessee's previous cases, overturning the initial disallowance by the AO and DRP. en-us Wed, 15 Mar 2023 00:00:00 +0530 Wed, 28 Aug 2024 09:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456947 The ITAT allowed the assessee's appeal, directing the AO to permit the deduction of INR 250,17,14,636 for technical know-how fees as revenue expenditure for the assessment year 2016-17. This decision followed the Tribunal's consistent stance in the assessee's previous cases, overturning the initial disallowance by the AO and DRP. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456947