https://www.taxtmi.com/caselaws?id=28569 The court decided in favor of the assessee on both issues. It held that the expenditure on drafting and printing of articles of association was permissible as a revenue deduction based on a previous decision. Additionally, the Technical Services Fee paid to the US company was considered a revenue expenditure for technical knowledge and licensing, not for acquiring an enduring asset. The court emphasized that such payments were recurrent and dependent on actual manufacturing and sales, concluding that they were revenue expenditures. The Commissioner was directed to bear the costs of the reference. en-us Mon, 28 Jun 1982 00:00:00 +0530 Tue, 23 Feb 2010 16:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28569 The court decided in favor of the assessee on both issues. It held that the expenditure on drafting and printing of articles of association was permissible as a revenue deduction based on a previous decision. Additionally, the Technical Services Fee paid to the US company was considered a revenue expenditure for technical knowledge and licensing, not for acquiring an enduring asset. The court emphasized that such payments were recurrent and dependent on actual manufacturing and sales, concluding that they were revenue expenditures. The Commissioner was directed to bear the costs of the reference. Case-Laws Income Tax Mon, 28 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28569