https://www.taxtmi.com/caselaws?id=36171 The court determined that the royalty payments made by the assessee to the foreign collaborator were revenue expenditure, not capital expenditure. Additionally, the profit from the sale of imported spare parts was considered for relief under section 80-I of the Income-tax Act, 1961. Both issues were decided in favor of the assessee, entitling them to costs and counsel's fee of Rs. 500. en-us Mon, 16 Jul 1979 00:00:00 +0530 Fri, 19 Mar 2010 17:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36171 The court determined that the royalty payments made by the assessee to the foreign collaborator were revenue expenditure, not capital expenditure. Additionally, the profit from the sale of imported spare parts was considered for relief under section 80-I of the Income-tax Act, 1961. Both issues were decided in favor of the assessee, entitling them to costs and counsel's fee of Rs. 500. Case-Laws Income Tax Mon, 16 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36171