https://www.taxtmi.com/caselaws?id=4591 The court ruled that the technical know-how fee paid by the assessee for educational purposes did not qualify as capital expenditure under section 35AB of the Income-tax Act, as it was not used for manufacturing or processing goods. The expenditure was allowed to be fully debited in the year incurred, rejecting the Assessing Officer's spread over five years approach. The court distinguished cited precedents involving manufacturing activities, emphasizing the specific educational use in this case. The appeal was dismissed as no substantial question of law was identified. en-us Mon, 26 Mar 2007 00:00:00 +0530 Mon, 25 Aug 2008 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4591 The court ruled that the technical know-how fee paid by the assessee for educational purposes did not qualify as capital expenditure under section 35AB of the Income-tax Act, as it was not used for manufacturing or processing goods. The expenditure was allowed to be fully debited in the year incurred, rejecting the Assessing Officer's spread over five years approach. The court distinguished cited precedents involving manufacturing activities, emphasizing the specific educational use in this case. The appeal was dismissed as no substantial question of law was identified. Case-Laws Income Tax Mon, 26 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4591