https://www.taxtmi.com/caselaws?id=378918 The Tribunal upheld the decision of the Ld. CIT(A) to delete the additions on account of technical know-how expenses, considering the expenditure as revenue in nature aimed at improving product quality and profitability. The Tribunal found the issue to be covered in favor of the Assessee by previous orders of Co-ordinate Benches of ITAT, Delhi, and dismissed the appeal filed by the Revenue, affirming that the technical know-how expenses were not capital expenditure. en-us Fri, 04 Jan 2019 00:00:00 +0530 Tue, 23 Apr 2019 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378918 The Tribunal upheld the decision of the Ld. CIT(A) to delete the additions on account of technical know-how expenses, considering the expenditure as revenue in nature aimed at improving product quality and profitability. The Tribunal found the issue to be covered in favor of the Assessee by previous orders of Co-ordinate Benches of ITAT, Delhi, and dismissed the appeal filed by the Revenue, affirming that the technical know-how expenses were not capital expenditure. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378918