https://www.taxtmi.com/caselaws?id=340373 HC held that entries in the books are not conclusive; the legal character of expenditure (revenue or capital) depends on law, not bookkeeping. The expenditure on technical and marketing knowhow was treated as revenue by the Revenue and therefore the entire Rs. 18.67 crores was allowed as a deduction in the subject assessment year. The decision, relying on prior authority, was in favour of the assessee. en-us Thu, 23 Feb 2017 00:00:00 +0530 Thu, 18 Sep 2025 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340373 HC held that entries in the books are not conclusive; the legal character of expenditure (revenue or capital) depends on law, not bookkeeping. The expenditure on technical and marketing knowhow was treated as revenue by the Revenue and therefore the entire Rs. 18.67 crores was allowed as a deduction in the subject assessment year. The decision, relying on prior authority, was in favour of the assessee. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340373