https://www.taxtmi.com/caselaws?id=71460 The Tribunal ruled that the payment for technical know-how was revenue expenditure, not capital expenditure, aligning with the judgments in previous cases. Regarding the disallowance of sales-tax liability, the Tribunal reversed the CIT(A)'s decision, directing the AO to verify and allow the claim if payments were made within the specified time under section 139(1). The appeal was dismissed concerning the classification of payment for technical know-how as revenue expenditure, and the disallowance of sales-tax liability was overturned. en-us Mon, 31 Aug 1992 00:00:00 +0530 Mon, 25 Apr 2011 10:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71460 The Tribunal ruled that the payment for technical know-how was revenue expenditure, not capital expenditure, aligning with the judgments in previous cases. Regarding the disallowance of sales-tax liability, the Tribunal reversed the CIT(A)'s decision, directing the AO to verify and allow the claim if payments were made within the specified time under section 139(1). The appeal was dismissed concerning the classification of payment for technical know-how as revenue expenditure, and the disallowance of sales-tax liability was overturned. Case-Laws Income Tax Mon, 31 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71460