https://www.taxtmi.com/caselaws?id=270386 The tribunal upheld the CIT(A)'s decision, ruling that the write-off of Rs. 53,51,012/- for technical know-how fees was rightly treated as revenue expenditure. The appeal by the revenue was dismissed, with the court emphasizing that the fees were incurred for the improvement of existing business operations and did not result in the creation of a capital asset. en-us Fri, 13 Nov 2015 00:00:00 +0530 Sat, 30 Apr 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270386 The tribunal upheld the CIT(A)'s decision, ruling that the write-off of Rs. 53,51,012/- for technical know-how fees was rightly treated as revenue expenditure. The appeal by the revenue was dismissed, with the court emphasizing that the fees were incurred for the improvement of existing business operations and did not result in the creation of a capital asset. Case-Laws Income Tax Fri, 13 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270386