High Court of Karnataka Allows Assessee's Appeal in Income Tax Case Regarding Disallowance of Expenditure on Technical Know-How and Interest on Delayed Payment of Sales Tax. Expenditure on Technical Know-How Held to Be Revenue in Nature and Interest on Delayed Payment of Sales Tax Held to Be Allowable Deduction Under Section 37 of the Income Tax Act, 1961.
17 Apr 2015The appeal was filed by the assessee, M/s. Diffusion Engineers Ltd., challenging the order of the Income Tax Appellate Tribunal (ITAT) for the assessm...
