https://www.taxtmi.com/highlights?id=61241 Nature of expenditure - amount paid as fee for user of know-how - capital expenditure or revenue expenditure - where an assessee who is engaged in the business of manufacturing and selling certain products had made a payment to a foreign company for merely acquiring a right to use technical know-how, whereas the ownership and intellectual property rights in the said know-how remained with the foreign company, then, the payment in question would be in the nature of a revenue expenditure - AT en-us Sat, 01 Jan 2022 17:18:23 +0530 Sat, 01 Jan 2022 17:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61241 Nature of expenditure - amount paid as fee for user of know-how - capital expenditure or revenue expenditure - where an assessee who is engaged in the business of manufacturing and selling certain products had made a payment to a foreign company for merely acquiring a right to use technical know-how, whereas the ownership and intellectual property rights in the said know-how remained with the foreign company, then, the payment in question would be in the nature of a revenue expenditure - AT Highlights Income Tax Sat, 01 Jan 2022 17:18:23 +0530 https://www.taxtmi.com/highlights?id=61241