https://www.taxtmi.com/caselaws?id=16861 The Appellate Tribunal held that the technical fee received for sharing a secret process with an Indian company was a capital receipt and not taxable in India as no services were rendered in India. The Tribunal distinguished between capital assets and revenue receipts, concluding that the fee was a capital receipt for the sale of know-how abroad. Therefore, the technical fee was deemed not subject to taxation in India, ruling in favor of the assessee. en-us Thu, 19 Feb 1998 00:00:00 +0530 Sat, 12 Sep 2009 16:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16861 The Appellate Tribunal held that the technical fee received for sharing a secret process with an Indian company was a capital receipt and not taxable in India as no services were rendered in India. The Tribunal distinguished between capital assets and revenue receipts, concluding that the fee was a capital receipt for the sale of know-how abroad. Therefore, the technical fee was deemed not subject to taxation in India, ruling in favor of the assessee. Case-Laws Income Tax Thu, 19 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16861