https://www.taxtmi.com/caselaws?id=28731 The High Court of Patna rejected applications under s. 256(2) of the I.T. Act, 1961, which were dismissed by the Tribunal. The case involved interpreting clauses 22A and 22B of an agreement with a Japanese firm, distinguishing between acquiring knowledge and using it in production. The Tribunal applied principles of law on revenue versus capital expenditure, finding the raised legal questions to be academic. Relying on established precedents, the High Court dismissed the applications, stating that the reference under s. 256(2) was unnecessary, leading to no costs being awarded in the matter. en-us Mon, 16 Aug 1982 00:00:00 +0530 Thu, 25 Feb 2010 12:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28731 The High Court of Patna rejected applications under s. 256(2) of the I.T. Act, 1961, which were dismissed by the Tribunal. The case involved interpreting clauses 22A and 22B of an agreement with a Japanese firm, distinguishing between acquiring knowledge and using it in production. The Tribunal applied principles of law on revenue versus capital expenditure, finding the raised legal questions to be academic. Relying on established precedents, the High Court dismissed the applications, stating that the reference under s. 256(2) was unnecessary, leading to no costs being awarded in the matter. Case-Laws Income Tax Mon, 16 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28731