https://www.taxtmi.com/highlights?id=25926 Nature of expenditure - the features of agreement clearly established that what was obtained by the assessee was only a licence and what was paid by the assessee to the foreign collaborator was only a licence fee and not the price for acquisition of any capital asset and, therefore, the Tribunal was right in treating the amount as revenue expenditure - AT en-us Sat, 14 Nov 2015 15:21:06 +0530 Sat, 14 Nov 2015 15:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25926 Nature of expenditure - the features of agreement clearly established that what was obtained by the assessee was only a licence and what was paid by the assessee to the foreign collaborator was only a licence fee and not the price for acquisition of any capital asset and, therefore, the Tribunal was right in treating the amount as revenue expenditure - AT Highlights Income Tax Sat, 14 Nov 2015 15:21:06 +0530 https://www.taxtmi.com/highlights?id=25926