CORPORATE AND PROFESSIONAL UPDATE MARCH 22, 2017
CORPORATE AND PROFESSIONAL UPDATE MARCH 22, 2017 Direct Tax: Royalty and fee for technical assistance paid in pursuance of the license agreement are revenue expenditure and not capital in nature – CIT, Noida Vs H-One India Pvt. Ltd. (2017 (3) TMI 396 – Allahabad HC). CBDT issued guidelines to ITOs that in case of …