https://www.taxtmi.com/caselaws?id=39550 The court held that the payments made by the assessee for technical know-how were capital expenditures as they provided an enduring benefit. The reference was answered in the negative, against the assessee, with costs. The court emphasized that the nature of the expenditure, whether capital or revenue, depends on the aim and object of the expenditure, not merely on the manner of payment. en-us Tue, 25 Mar 1975 00:00:00 +0530 Sat, 17 Apr 2010 12:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39550 The court held that the payments made by the assessee for technical know-how were capital expenditures as they provided an enduring benefit. The reference was answered in the negative, against the assessee, with costs. The court emphasized that the nature of the expenditure, whether capital or revenue, depends on the aim and object of the expenditure, not merely on the manner of payment. Case-Laws Income Tax Tue, 25 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39550