https://www.taxtmi.com/caselaws?id=13974 The Tribunal held that the payment of Rs. 2 lakhs for technical know-how under a collaboration agreement constituted capital expenditure, not revenue expenditure. The claim of the assessee, a ball bearing manufacturing company, was disallowed based on the enduring benefits derived from the technical know-how. The decision was in favor of the Revenue, aligning with a Supreme Court ruling on similar matters. The dispute was resolved, and parties were directed to comply with the Tribunal's decision. en-us Thu, 21 Jun 2001 00:00:00 +0530 Mon, 06 Jul 2009 16:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13974 The Tribunal held that the payment of Rs. 2 lakhs for technical know-how under a collaboration agreement constituted capital expenditure, not revenue expenditure. The claim of the assessee, a ball bearing manufacturing company, was disallowed based on the enduring benefits derived from the technical know-how. The decision was in favor of the Revenue, aligning with a Supreme Court ruling on similar matters. The dispute was resolved, and parties were directed to comply with the Tribunal's decision. Case-Laws Income Tax Thu, 21 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13974