https://www.taxtmi.com/caselaws?id=66183 The case involved the treatment of technical know-how fees as revenue or capital expenditure. The IT department initially classified the fees as capital expenditure, but the Commissioner (Appeals) ruled in favor of treating them as revenue expenditure due to the lack of an enduring asset. The Tribunal upheld this decision, allowing the entire amount of fees to be treated as revenue expenditure in the current year based on the principle of accrual of liability and revenue expenditure. The appeal by the revenue was dismissed, affirming the treatment of the fees as revenue expenditure for the assessment year. en-us Fri, 04 Jul 1986 00:00:00 +0530 Tue, 22 Feb 2011 10:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66183 The case involved the treatment of technical know-how fees as revenue or capital expenditure. The IT department initially classified the fees as capital expenditure, but the Commissioner (Appeals) ruled in favor of treating them as revenue expenditure due to the lack of an enduring asset. The Tribunal upheld this decision, allowing the entire amount of fees to be treated as revenue expenditure in the current year based on the principle of accrual of liability and revenue expenditure. The appeal by the revenue was dismissed, affirming the treatment of the fees as revenue expenditure for the assessment year. Case-Laws Income Tax Fri, 04 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66183