https://www.taxtmi.com/caselaws?id=239393 The Tribunal ruled in favor of the assessee, determining that royalty payments for technical information should be classified as revenue expenditure entirely. The decision was based on the terms of the agreement and legal precedents, distinguishing between capital and revenue expenditure. The Tribunal dismissed the Revenue's appeal and upheld the appeals of the assessee, emphasizing the ongoing nature of the royalty payments for technical know-how. en-us Fri, 10 Jun 2011 00:00:00 +0530 Wed, 13 Nov 2013 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239393 The Tribunal ruled in favor of the assessee, determining that royalty payments for technical information should be classified as revenue expenditure entirely. The decision was based on the terms of the agreement and legal precedents, distinguishing between capital and revenue expenditure. The Tribunal dismissed the Revenue's appeal and upheld the appeals of the assessee, emphasizing the ongoing nature of the royalty payments for technical know-how. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239393