https://www.taxtmi.com/caselaws?id=193237 A payment made under a business agreement for the limited use of technical know-how, scientific data, patents and trade marks during the agreement term was not expenditure on scientific research carried on by the assessee and did not fall under section 10(2)(xii) of the Income-tax Act, 1922. It was nevertheless allowable as revenue expenditure under section 10(2)(xv) because it did not create an enduring asset and formed part of the profit-earning process. A separate claim for contribution towards patent infringement litigation costs failed because the assessee had not shown that the liability was its own business liability under the relevant arrangement. en-us Thu, 21 Jan 1965 00:00:00 +0530 Wed, 19 Jul 2017 17:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193237 A payment made under a business agreement for the limited use of technical know-how, scientific data, patents and trade marks during the agreement term was not expenditure on scientific research carried on by the assessee and did not fall under section 10(2)(xii) of the Income-tax Act, 1922. It was nevertheless allowable as revenue expenditure under section 10(2)(xv) because it did not create an enduring asset and formed part of the profit-earning process. A separate claim for contribution towards patent infringement litigation costs failed because the assessee had not shown that the liability was its own business liability under the relevant arrangement. Case-Laws Income Tax Thu, 21 Jan 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193237