https://www.taxtmi.com/caselaws?id=29543 The court held that the technical aid fee paid by the assessee to a U.K. company was allowable as business expenditure and not liable for disallowance as capital expenditure. The court determined that the fee was for the use of knowledge and did not result in the acquisition of an enduring asset. Therefore, the entire technical aid fee was considered a revenue expenditure, allowing the assessee to claim it as a deduction. en-us Wed, 21 Feb 1979 00:00:00 +0530 Sat, 13 Mar 2010 16:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29543 The court held that the technical aid fee paid by the assessee to a U.K. company was allowable as business expenditure and not liable for disallowance as capital expenditure. The court determined that the fee was for the use of knowledge and did not result in the acquisition of an enduring asset. Therefore, the entire technical aid fee was considered a revenue expenditure, allowing the assessee to claim it as a deduction. Case-Laws Income Tax Wed, 21 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29543