| Citation(s) |
|---|
| 2001 SLG 2269 2001 SLD 2269 (2001) 83 TAX 166 (2000) 243 ITR 6 |
Supreme Court of India
C.A. NO. 4424 OF 1999, AUGUST 9, 1999
B.N. KIRPAL AND S. RAJENDRA BABU, JJ
M.L. Verma, Ranbir Chandra, S.D. Sharma and S.K. Dwivedi for the Applicant. C.S. Aggarwal, B.V. Desai and Siddharth Choudhary for the
Respondent
C.A. NO. 4424 OF 1999, AUGUST 9, 1999
B.N. KIRPAL AND S. RAJENDRA BABU, JJ
M.L. Verma, Ranbir Chandra, S.D. Sharma and S.K. Dwivedi for the Applicant. C.S. Aggarwal, B.V. Desai and Siddharth Choudhary for the
Respondent
Commissioner of IncomE tax
VS
Krupp Industries India Ltd
Law: Income Tax Act, 1961
Section: 37(1),256
Law: Income Tax Act, 1961
Section: 37(1),256
Section 37(1), read with section 256, of the Income-tax Act, 1961 - Business expenditure - Allowable as - Tribunal held that payment on account of technical know-how was allowable as revenue expenditure - Whether a referable question of law arose from Tribunal's order - Held, yes JUDGMENT 1. Delay condoned. 2. Special leave granted. 3. We have heard the counsels for the parties. 4. In our opinion, the question of law definitely arose in this case, we,…
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