https://www.taxtmi.com/caselaws?id=71665 Technical know-how fees were treated as revenue expenditure because the same agreement had already been accepted in earlier years and no contrary basis justified departure. Sales-tax set-off and related statutory dues were held outside section 43B where the amount was not claimed in the profit and loss account and was recognised only on final adjudication under the sales-tax regime. Expenditure on asphalting and concreting factory roads was also treated as revenue, on the footing that repairs or resurfacing creating no new asset are not capital in nature. en-us Wed, 05 Feb 1997 00:00:00 +0530 Tue, 26 Apr 2011 13:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71665 Technical know-how fees were treated as revenue expenditure because the same agreement had already been accepted in earlier years and no contrary basis justified departure. Sales-tax set-off and related statutory dues were held outside section 43B where the amount was not claimed in the profit and loss account and was recognised only on final adjudication under the sales-tax regime. Expenditure on asphalting and concreting factory roads was also treated as revenue, on the footing that repairs or resurfacing creating no new asset are not capital in nature. Case-Laws Income Tax Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71665