https://www.taxtmi.com/caselaws?id=22642 The Tribunal found that the payment made by the assessee to the foreign company under the licensing agreement was allowable as revenue expenditure. The Tribunal determined that the expenditure did not result in the acquisition of a capital asset and was related to the use of technical know-how, thus qualifying as business expenditure. The Tribunal's decision was supported by a Supreme Court ruling, and both issues were decided in favor of the assessee. en-us Thu, 16 Nov 1989 00:00:00 +0530 Sat, 12 Dec 2009 10:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22642 The Tribunal found that the payment made by the assessee to the foreign company under the licensing agreement was allowable as revenue expenditure. The Tribunal determined that the expenditure did not result in the acquisition of a capital asset and was related to the use of technical know-how, thus qualifying as business expenditure. The Tribunal's decision was supported by a Supreme Court ruling, and both issues were decided in favor of the assessee. Case-Laws Income Tax Thu, 16 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22642