https://www.taxtmi.com/caselaws?id=19564 Madras HC followed its earlier decision in the assessee's own case and held that technical fee paid to a foreign collaborator was allowable in full as revenue expenditure, with no factual or legal distinction shown from the prior year. Applying the same reasoning, the Court also held that the Kottayam unit continued to qualify as a new industrial undertaking and remained eligible for deduction under section 80J. Both referred questions were answered against the Revenue, and the assessee's claims were upheld in full. en-us Fri, 29 Apr 1994 00:00:00 +0530 Sat, 07 Nov 2009 10:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19564 Madras HC followed its earlier decision in the assessee's own case and held that technical fee paid to a foreign collaborator was allowable in full as revenue expenditure, with no factual or legal distinction shown from the prior year. Applying the same reasoning, the Court also held that the Kottayam unit continued to qualify as a new industrial undertaking and remained eligible for deduction under section 80J. Both referred questions were answered against the Revenue, and the assessee's claims were upheld in full. Case-Laws Income Tax Fri, 29 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19564