https://www.taxtmi.com/caselaws?id=38654 The disputed 50% of technical aid fees paid by the assessee was considered revenue expenditure and deductible from the income. The High Court ruled in favor of the assessee, stating that the payments were in the nature of a license fee and did not result in the acquisition of any enduring advantage. Additionally, the Court held that initial depreciation should not be deducted in determining the written down value of assets for the computation of capital employed. Both issues were resolved in favor of the assessee, who was awarded costs with counsel's fee fixed at Rs. 500. en-us Thu, 18 Nov 1976 00:00:00 +0530 Thu, 08 Apr 2010 10:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38654 The disputed 50% of technical aid fees paid by the assessee was considered revenue expenditure and deductible from the income. The High Court ruled in favor of the assessee, stating that the payments were in the nature of a license fee and did not result in the acquisition of any enduring advantage. Additionally, the Court held that initial depreciation should not be deducted in determining the written down value of assets for the computation of capital employed. Both issues were resolved in favor of the assessee, who was awarded costs with counsel's fee fixed at Rs. 500. Case-Laws Income Tax Thu, 18 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38654