https://www.taxtmi.com/caselaws?id=64636 The majority opinion in the case held that the payment of Rs. 1,00,000 for technical know-how and manufacturing rights was revenue expenditure and allowable over 10 years. The disallowance of Rs. 4,792 for water development charges was upheld as capital expenditure. The disallowance of Rs. 356 for personal accident insurance premium was overturned, allowing it as a deduction. The disallowance of Rs. 9,051 for foreign technician expenses was overturned as revenue expenditure. The disallowance of amounts for gifts to foreign collaborators was also overturned. The appeals for various years were partly allowed, except for the year 1975-76, where the appeal was fully allowed. en-us Mon, 26 Feb 1979 00:00:00 +0530 Wed, 09 Feb 2011 11:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64636 The majority opinion in the case held that the payment of Rs. 1,00,000 for technical know-how and manufacturing rights was revenue expenditure and allowable over 10 years. The disallowance of Rs. 4,792 for water development charges was upheld as capital expenditure. The disallowance of Rs. 356 for personal accident insurance premium was overturned, allowing it as a deduction. The disallowance of Rs. 9,051 for foreign technician expenses was overturned as revenue expenditure. The disallowance of amounts for gifts to foreign collaborators was also overturned. The appeals for various years were partly allowed, except for the year 1975-76, where the appeal was fully allowed. Case-Laws Income Tax Mon, 26 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64636