https://www.taxtmi.com/caselaws?id=29296 The High Court held that royalty payments made by the assessee to foreign collaborators were deductible as revenue expenditures. The payments were recurring and linked to sales, resembling a previous Supreme Court decision on technical know-how payments. The court found the agreement conferred a license for a limited period without transferring permanent benefits. Emphasizing the payments' role in the business and lack of enduring benefits, the court ruled in favor of the assessee, allowing the deduction of royalty payments as revenue expenditures. en-us Fri, 23 Apr 1982 00:00:00 +0530 Fri, 12 Mar 2010 10:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29296 The High Court held that royalty payments made by the assessee to foreign collaborators were deductible as revenue expenditures. The payments were recurring and linked to sales, resembling a previous Supreme Court decision on technical know-how payments. The court found the agreement conferred a license for a limited period without transferring permanent benefits. Emphasizing the payments' role in the business and lack of enduring benefits, the court ruled in favor of the assessee, allowing the deduction of royalty payments as revenue expenditures. Case-Laws Income Tax Fri, 23 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29296