Legal exp. incurred to defending suit filed against assessee for infringement of patent rights is revenue exp.: ITAT

INCOME TAX: Where assessee-company incurred expenditure towards legal fees paid for defending lawsuit filed against it for infringement of patent rights and also paid an amount towards settlement of suit, impugned expenditure incurred by assessee were to be allowed as revenue expenditureINCOME TAX: Where assessee-company incurred expenditure towards legal fees paid for defending lawsuit filed against it for infringement of patent rights and also paid an amount towards settlement of suit, impugned expenditure incurred by assessee were to be allowed as revenue expenditurewww.taxmann.com Latest Case LawsRead More

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