https://www.taxtmi.com/caselaws?id=28962 The High Court held that payments to a foreign collaborator under a collaboration agreement constituted revenue expenditure as they were for technical aid and operational purposes, not for acquiring an enduring asset. The Court affirmed the Tribunal's decision, ruling in favor of the assessee regarding the nature of the payments made for assessment years 1963-64 to 1970-71. en-us Tue, 13 Oct 1981 00:00:00 +0530 Tue, 09 Mar 2010 10:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28962 The High Court held that payments to a foreign collaborator under a collaboration agreement constituted revenue expenditure as they were for technical aid and operational purposes, not for acquiring an enduring asset. The Court affirmed the Tribunal's decision, ruling in favor of the assessee regarding the nature of the payments made for assessment years 1963-64 to 1970-71. Case-Laws Income Tax Tue, 13 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28962