https://www.taxtmi.com/caselaws?id=69310 A payment to a foreign collaborator for research and development was treated as revenue expenditure because the same nature of payment had already been accepted in an earlier year, and that view was followed. Relief under section 80J was available for the Ghaziabad and Nagpur units because they were found to be new undertakings formed for the first time, not mere expansions or reorganisations of the existing Madras unit. In computing capital employed for section 80J, liabilities were to be dealt with in accordance with the judicial view accepted by the first appellate authority. The Revenue's appeals failed and the assessee's claims were sustained. en-us Sat, 21 Jul 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69310 A payment to a foreign collaborator for research and development was treated as revenue expenditure because the same nature of payment had already been accepted in an earlier year, and that view was followed. Relief under section 80J was available for the Ghaziabad and Nagpur units because they were found to be new undertakings formed for the first time, not mere expansions or reorganisations of the existing Madras unit. In computing capital employed for section 80J, liabilities were to be dealt with in accordance with the judicial view accepted by the first appellate authority. The Revenue's appeals failed and the assessee's claims were sustained. Case-Laws Income Tax Sat, 21 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69310