https://www.taxtmi.com/caselaws?id=15374 Payment to a foreign collaborator for technical know-how was treated as revenue expenditure because it was made for carrying on the business and improving production. No capital asset was acquired, and the payment did not create an advantage of enduring capital nature. The expenditure was therefore allowable as a business deduction, and the reference was answered in favour of the assessee and against the Revenue. en-us Tue, 24 Mar 1998 00:00:00 +0530 Thu, 06 Aug 2009 11:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15374 Payment to a foreign collaborator for technical know-how was treated as revenue expenditure because it was made for carrying on the business and improving production. No capital asset was acquired, and the payment did not create an advantage of enduring capital nature. The expenditure was therefore allowable as a business deduction, and the reference was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 24 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15374