https://www.taxtmi.com/caselaws?id=180923 The High Court affirmed the Tribunal's decision that the royalty payment for technical knowledge access was revenue expenditure, based on the terms of the agreement and previous court decisions. The impugned order upheld the view that the royalty amount calculated at 3% of the net ex-factory sale price paid to Telkoku Piston Ring Company Ltd. was not an absolute transfer of technical knowledge, making the expenditure revenue in nature. The Court found no question of law for consideration and dismissed the Revenue's appeal. en-us Tue, 24 Jul 2012 00:00:00 +0530 Mon, 04 Apr 2016 16:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180923 The High Court affirmed the Tribunal's decision that the royalty payment for technical knowledge access was revenue expenditure, based on the terms of the agreement and previous court decisions. The impugned order upheld the view that the royalty amount calculated at 3% of the net ex-factory sale price paid to Telkoku Piston Ring Company Ltd. was not an absolute transfer of technical knowledge, making the expenditure revenue in nature. The Court found no question of law for consideration and dismissed the Revenue's appeal. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180923