https://www.taxtmi.com/caselaws?id=28807 The judgment allows research and engineering expenses incurred by a non-resident company providing technical services to oil industries as deductions in computing business profits. The decision, based on expense-sharing rationale and knowledge importance for operations and profit generation, emphasizes the relevance of expenses in specialized service provision. The analysis of agreements among Schlumberger group companies supports the deduction, highlighting the crucial role of expenses in facilitating business activities. Ultimately, the judgment affirms the deductibility of such expenses as revenue expenses essential for efficient business operations and profit-making. en-us Tue, 30 Mar 1982 00:00:00 +0530 Thu, 25 Feb 2010 18:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28807 The judgment allows research and engineering expenses incurred by a non-resident company providing technical services to oil industries as deductions in computing business profits. The decision, based on expense-sharing rationale and knowledge importance for operations and profit generation, emphasizes the relevance of expenses in specialized service provision. The analysis of agreements among Schlumberger group companies supports the deduction, highlighting the crucial role of expenses in facilitating business activities. Ultimately, the judgment affirms the deductibility of such expenses as revenue expenses essential for efficient business operations and profit-making. Case-Laws Income Tax Tue, 30 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28807