https://www.taxtmi.com/caselaws?id=69721 The Tribunal ruled in favor of the Department, determining that the payment made by the assessee to its Managing Director for technical know-how in the manufacture of sports goods constituted a capital expenditure. The Tribunal held that the company acquired an enduring asset through the knowledge imparted by the Managing Director, resulting in long-term benefits in the production of sports goods. As a result, the Tribunal upheld the classification of the payment for technical know-how as capital expenditure, in line with the Department's position. en-us Wed, 11 Apr 1979 00:00:00 +0530 Mon, 11 Apr 2011 17:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69721 The Tribunal ruled in favor of the Department, determining that the payment made by the assessee to its Managing Director for technical know-how in the manufacture of sports goods constituted a capital expenditure. The Tribunal held that the company acquired an enduring asset through the knowledge imparted by the Managing Director, resulting in long-term benefits in the production of sports goods. As a result, the Tribunal upheld the classification of the payment for technical know-how as capital expenditure, in line with the Department's position. Case-Laws Income Tax Wed, 11 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69721