https://www.taxtmi.com/caselaws?id=39160 A recurring contribution under a licensing arrangement was treated as consideration for continuing business assistance, including advice and problem-solving for manufacturing and market needs, rather than as payment to acquire an enduring asset. On that reading, the expenditure was wholly and exclusively for business and was not shown to be scientific research expenditure. The 3% contribution was therefore deductible as revenue expenditure under the residuary provision, and disallowance as capital or research expenditure was not justified. en-us Thu, 11 Nov 1976 00:00:00 +0530 Tue, 13 Apr 2010 13:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39160 A recurring contribution under a licensing arrangement was treated as consideration for continuing business assistance, including advice and problem-solving for manufacturing and market needs, rather than as payment to acquire an enduring asset. On that reading, the expenditure was wholly and exclusively for business and was not shown to be scientific research expenditure. The 3% contribution was therefore deductible as revenue expenditure under the residuary provision, and disallowance as capital or research expenditure was not justified. Case-Laws Income Tax Thu, 11 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39160