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Allowability of exp. incurred on R&D facilities being debatable issue was outside purview of sec. 154
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Corporate Tax
Allowability of exp. incurred on R&D facilities being debatable issue was outside purview of sec. 154
Posted on
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November 9, 2017
Tenet Tax Daily November 08 2017
By
tenettax-team
Corporate Tax
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No sec. 194J TDS on reimbursement of exp. to HRTC for carrying out development work on behalf of assessee
Exp. debited in P&L a/c showing regular increase was proof that assessee was carrying out business activity
