https://www.taxtmi.com/caselaws?id=240311 The High Court ruled in favor of the revenue, determining that the payments received by the assessee from Siemens AG were revenue receipts. The court disagreed with the Income Tax Appellate Tribunal and the first appellate authority, classifying the payments as revenue receipts to help the assessee run its business profitably and cover recurring expenses rather than as capital receipts. The court set aside the previous orders and disposed of the appeals in favor of the revenue, with no costs awarded. en-us Wed, 09 Oct 2013 00:00:00 +0530 Fri, 09 Dec 2016 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240311 The High Court ruled in favor of the revenue, determining that the payments received by the assessee from Siemens AG were revenue receipts. The court disagreed with the Income Tax Appellate Tribunal and the first appellate authority, classifying the payments as revenue receipts to help the assessee run its business profitably and cover recurring expenses rather than as capital receipts. The court set aside the previous orders and disposed of the appeals in favor of the revenue, with no costs awarded. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240311