https://www.taxtmi.com/caselaws?id=27953 Technical aid fees and royalty paid under a collaboration agreement were treated as revenue expenditure and held fully deductible, following an earlier binding view of the same court. The Kottayam unit was also accepted as a new industrial undertaking for section 80J relief because it was a separate, self-contained venture with new plant and machinery, and no transfer of assets from the existing business was shown. Its use of the output in the assessee's own business did not by itself amount to reconstruction or expansion of the old undertaking. The Revenue's challenge failed on both issues. en-us Tue, 05 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 10:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27953 Technical aid fees and royalty paid under a collaboration agreement were treated as revenue expenditure and held fully deductible, following an earlier binding view of the same court. The Kottayam unit was also accepted as a new industrial undertaking for section 80J relief because it was a separate, self-contained venture with new plant and machinery, and no transfer of assets from the existing business was shown. Its use of the output in the assessee's own business did not by itself amount to reconstruction or expansion of the old undertaking. The Revenue's challenge failed on both issues. Case-Laws Income Tax Tue, 05 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27953