https://www.taxtmi.com/caselaws?id=36491 The High Court determined that the payment of Rs. 2,39,084 to Westinghouse constituted revenue expenditure rather than capital expenditure. As a result, the entire amount was allowed as a deduction in the assessment year 1966-67, with no portion being deductible in 1967-68. The Tribunal's initial decision was overturned, and the assessee was granted the deduction for the expenditure in the specified assessment year. The issue of apportioning the expenditure over multiple years was deemed unnecessary following this ruling. en-us Fri, 01 Aug 1980 00:00:00 +0530 Mon, 22 Mar 2010 16:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36491 The High Court determined that the payment of Rs. 2,39,084 to Westinghouse constituted revenue expenditure rather than capital expenditure. As a result, the entire amount was allowed as a deduction in the assessment year 1966-67, with no portion being deductible in 1967-68. The Tribunal's initial decision was overturned, and the assessee was granted the deduction for the expenditure in the specified assessment year. The issue of apportioning the expenditure over multiple years was deemed unnecessary following this ruling. Case-Laws Income Tax Fri, 01 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36491