The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount paid as License Fees to the consultant/ doctors abroad under a business arrangement is allowable as deduction under the provisions of the Income Tax Act, 1961. Assessing Officer in the instant case, disallowed the assessee’s claim in respect of license […]
The post License Fees paid to Consultant / Doctors abroad under a Business Arrangement is Allowable as Deduction: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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