https://www.taxtmi.com/caselaws?id=30628 The High Court determined that the payment made for technical support should be treated as a revenue expenditure rather than a capital expenditure. The court emphasized that the technical assistance received was related to the manufacturing process and did not involve the transfer of technology or enduring knowhow. Citing relevant precedents, the court concluded that the payment was for enabling the manufacturing process and not for setting up plant and machinery. The judgment upheld the findings of the lower authorities, emphasizing the importance of a pragmatic approach in assessing expenditures. en-us Tue, 19 Feb 2008 00:00:00 +0530 Wed, 10 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30628 The High Court determined that the payment made for technical support should be treated as a revenue expenditure rather than a capital expenditure. The court emphasized that the technical assistance received was related to the manufacturing process and did not involve the transfer of technology or enduring knowhow. Citing relevant precedents, the court concluded that the payment was for enabling the manufacturing process and not for setting up plant and machinery. The judgment upheld the findings of the lower authorities, emphasizing the importance of a pragmatic approach in assessing expenditures. Case-Laws Income Tax Tue, 19 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30628