https://www.taxtmi.com/caselaws?id=28796 HC held the Tribunal correctly found that payments made by the Indian company to the non-resident company under the 1957 agreement were recoupment of shared research expenses, not taxable income. Examining the agreement's clauses, purpose and payment manner, the court concluded the receipts reimbursed costs for jointly obtained technical data benefitting head office and subsidiaries, and were not royalties or hiring charges. The referred question was answered negatively, in favour of the assessee. en-us Tue, 23 Feb 1982 00:00:00 +0530 Fri, 31 Oct 2025 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28796 HC held the Tribunal correctly found that payments made by the Indian company to the non-resident company under the 1957 agreement were recoupment of shared research expenses, not taxable income. Examining the agreement's clauses, purpose and payment manner, the court concluded the receipts reimbursed costs for jointly obtained technical data benefitting head office and subsidiaries, and were not royalties or hiring charges. The referred question was answered negatively, in favour of the assessee. Case-Laws Income Tax Tue, 23 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28796