https://www.taxtmi.com/caselaws?id=15063 The court ruled in favor of the assessee, allowing the foreign collaboration fee as a revenue expenditure for the assessment year 1974-75. The decision was based on the specific terms of the agreement, the purpose of the collaboration, and the absence of evidence supporting enduring benefits beyond the single crane project. The assessee was awarded costs amounting to Rs. 1,000. en-us Thu, 05 Mar 1998 00:00:00 +0530 Thu, 30 Jul 2009 13:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15063 The court ruled in favor of the assessee, allowing the foreign collaboration fee as a revenue expenditure for the assessment year 1974-75. The decision was based on the specific terms of the agreement, the purpose of the collaboration, and the absence of evidence supporting enduring benefits beyond the single crane project. The assessee was awarded costs amounting to Rs. 1,000. Case-Laws Income Tax Thu, 05 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15063