https://www.taxtmi.com/caselaws?id=401196 The court upheld the tribunal's decision, ruling that royalty payments for technical know-how and intellectual property constituted capital expenditure, not eligible for deduction under Section 37(1) of the Income Tax Act. The court considered the enduring benefits received by the appellant and analyzed the agreement clauses, concluding that the expenditure provided lasting advantages, aligning it with capital expenditure principles. en-us Fri, 20 Nov 2020 00:00:00 +0530 Mon, 18 Jan 2021 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401196 The court upheld the tribunal's decision, ruling that royalty payments for technical know-how and intellectual property constituted capital expenditure, not eligible for deduction under Section 37(1) of the Income Tax Act. The court considered the enduring benefits received by the appellant and analyzed the agreement clauses, concluding that the expenditure provided lasting advantages, aligning it with capital expenditure principles. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401196