https://www.taxtmi.com/caselaws?id=207807 The Tribunal deemed the reopening of assessments for the years 2000-01, 2001-02, and 2002-03 as invalid due to lack of new material or failure to disclose fully and truly all material facts. The reassessment was set aside as null and void. Regarding the treatment of royalty payment, the Tribunal held the entire payment should be considered as revenue expenditure for the use of technical know-how under a licence. The assessee's appeals were allowed, and the Revenue's appeals were dismissed. en-us Tue, 30 Mar 2010 00:00:00 +0530 Tue, 28 May 2013 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207807 The Tribunal deemed the reopening of assessments for the years 2000-01, 2001-02, and 2002-03 as invalid due to lack of new material or failure to disclose fully and truly all material facts. The reassessment was set aside as null and void. Regarding the treatment of royalty payment, the Tribunal held the entire payment should be considered as revenue expenditure for the use of technical know-how under a licence. The assessee's appeals were allowed, and the Revenue's appeals were dismissed. Case-Laws Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207807