https://www.taxtmi.com/caselaws?id=69491 The Tribunal held that the expenditure incurred by the assessee for acquiring technical know-how and information through the issuance of shares was of a capital nature. It emphasized that the technical information provided was intended to assist in production, forming part of the capital structure of the company. The Tribunal dismissed the appeal, denying the deduction claimed as a revenue expenditure under section 37 of the Income-tax Act, 1961, based on the unique circumstances of the case and the nature of the expenditure. en-us Fri, 30 Apr 1982 00:00:00 +0530 Thu, 07 Apr 2011 12:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69491 The Tribunal held that the expenditure incurred by the assessee for acquiring technical know-how and information through the issuance of shares was of a capital nature. It emphasized that the technical information provided was intended to assist in production, forming part of the capital structure of the company. The Tribunal dismissed the appeal, denying the deduction claimed as a revenue expenditure under section 37 of the Income-tax Act, 1961, based on the unique circumstances of the case and the nature of the expenditure. Case-Laws Income Tax Fri, 30 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69491