https://www.taxtmi.com/caselaws?id=27759 The court determined that the payment of Rs. 24 lakhs to Automobile Products of India Ltd. was deductible as revenue expenditure, as it was made to remove an obstruction in the business without creating an enduring advantage. The deduction was allowed for the assessment year 1962-63. Additionally, the payment of pound 50,000 to Henry Meadows Ltd. was also considered a revenue expenditure for securing technical know-how. The court ruled in favor of the assessee on these issues, awarding costs to the company. en-us Wed, 27 Jul 1983 00:00:00 +0530 Mon, 15 Feb 2010 18:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27759 The court determined that the payment of Rs. 24 lakhs to Automobile Products of India Ltd. was deductible as revenue expenditure, as it was made to remove an obstruction in the business without creating an enduring advantage. The deduction was allowed for the assessment year 1962-63. Additionally, the payment of pound 50,000 to Henry Meadows Ltd. was also considered a revenue expenditure for securing technical know-how. The court ruled in favor of the assessee on these issues, awarding costs to the company. Case-Laws Income Tax Wed, 27 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27759