https://www.taxtmi.com/caselaws?id=39484 The High Court held that the payments of Rs. 15,497 and Rs. 20,598 made by the assessee constituted revenue expenditures, as they were tied to profits and not a fixed capital sum. Even if the transaction was deemed an outright sale, the nature of the payments aligned with revenue expenditure principles. The court answered in the affirmative regarding the first question, awarding costs to the assessee in one case and making no order as to costs in another. The second question on the outright sale was not directly addressed due to procedural issues. en-us Fri, 21 Sep 1973 00:00:00 +0530 Fri, 16 Apr 2010 16:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39484 The High Court held that the payments of Rs. 15,497 and Rs. 20,598 made by the assessee constituted revenue expenditures, as they were tied to profits and not a fixed capital sum. Even if the transaction was deemed an outright sale, the nature of the payments aligned with revenue expenditure principles. The court answered in the affirmative regarding the first question, awarding costs to the assessee in one case and making no order as to costs in another. The second question on the outright sale was not directly addressed due to procedural issues. Case-Laws Income Tax Fri, 21 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39484