https://www.taxtmi.com/caselaws?id=69574 The tribunal ruled in favor of the assessee, determining that the technical know-how fees paid were capital expenditures due to the enduring benefit beyond one year, as it provided the right to manufacture improved products. The tribunal also classified the expenditure for obtaining technology as capital, allowing for deductions spread over six years in accordance with section 35AB. The reassessment of total income and tax demand was directed considering the new provision and the need for correct application by the assessee. The appeal was allowed, confirming the treatment of expenditures under section 35AB. en-us Tue, 02 Feb 1993 00:00:00 +0530 Thu, 07 Apr 2011 17:10:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69574 The tribunal ruled in favor of the assessee, determining that the technical know-how fees paid were capital expenditures due to the enduring benefit beyond one year, as it provided the right to manufacture improved products. The tribunal also classified the expenditure for obtaining technology as capital, allowing for deductions spread over six years in accordance with section 35AB. The reassessment of total income and tax demand was directed considering the new provision and the need for correct application by the assessee. The appeal was allowed, confirming the treatment of expenditures under section 35AB. Case-Laws Income Tax Tue, 02 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69574