https://www.taxtmi.com/caselaws?id=261035 The ITAT upheld the CIT(A)'s decision, ruling that the technical fees paid by the assessee were revenue expenditure. The agreement granted the assessee a limited right to use Daikin's technology for a fixed term, without transferring ownership. The payment facilitated manufacturing improvements and did not form part of the capital structure. The department's appeal was dismissed, and the CIT(A)'s deletion of the disallowance was upheld. en-us Fri, 30 Nov 2012 00:00:00 +0530 Thu, 28 Feb 2019 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261035 The ITAT upheld the CIT(A)'s decision, ruling that the technical fees paid by the assessee were revenue expenditure. The agreement granted the assessee a limited right to use Daikin's technology for a fixed term, without transferring ownership. The payment facilitated manufacturing improvements and did not form part of the capital structure. The department's appeal was dismissed, and the CIT(A)'s deletion of the disallowance was upheld. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261035