https://www.taxtmi.com/caselaws?id=5704 Payments made under a collaboration agreement with a foreign company for access to research and development and technical information were held to be revenue expenditure. The SC accepted the HC's reasoning that the arrangement conferred only a non-exclusive, non-transferable right to use the technical information, and did not amount to an outright sale of know-how or acquisition of any capital asset or enduring proprietary right. Since no asset was acquired and the benefit was limited to user rights, the expenditure was not capital in nature. The appeals were dismissed. en-us Wed, 03 Sep 1997 00:00:00 +0530 Mon, 29 Dec 2025 19:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5704 Payments made under a collaboration agreement with a foreign company for access to research and development and technical information were held to be revenue expenditure. The SC accepted the HC's reasoning that the arrangement conferred only a non-exclusive, non-transferable right to use the technical information, and did not amount to an outright sale of know-how or acquisition of any capital asset or enduring proprietary right. Since no asset was acquired and the benefit was limited to user rights, the expenditure was not capital in nature. The appeals were dismissed. Case-Laws Income Tax Wed, 03 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5704