https://www.taxtmi.com/caselaws?id=12775 The court ruled in favor of the assessee against the Revenue on all three issues. The royalty payment of Rs.12,16,694 was considered revenue expenditure as it was for the use of an asset, not for acquiring one. Know-how fees and royalty payable to Jyoti Ltd. were allowed as revenue expenses based on a previous decision. The deduction of Rs.50,000 for technical report fees was upheld as revenue expenditure for business expansion. The court disposed of the reference with no order as to costs. en-us Thu, 01 Nov 2001 00:00:00 +0530 Thu, 21 May 2009 18:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12775 The court ruled in favor of the assessee against the Revenue on all three issues. The royalty payment of Rs.12,16,694 was considered revenue expenditure as it was for the use of an asset, not for acquiring one. Know-how fees and royalty payable to Jyoti Ltd. were allowed as revenue expenses based on a previous decision. The deduction of Rs.50,000 for technical report fees was upheld as revenue expenditure for business expansion. The court disposed of the reference with no order as to costs. Case-Laws Income Tax Thu, 01 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12775