https://www.taxtmi.com/caselaws?id=60700 The Tribunal held that the payment of Rs. 2 lakhs made by the assessee to M/s. Wise Men's Consultancy Co. (P.) Ltd. for training materials and tools necessary for conducting training courses constituted revenue expenditure. However, a separate opinion by the Judicial Member considered the payment as capital expenditure for acquiring a right to conduct the commercial activities of another company. The matter was referred to a Third Member, who concluded that the payment aimed to avoid competition and acquire an enduring benefit, thus classifying it as capital expenditure. Consequently, the payment was deemed as capital expenditure, and the assessee's appeal was dismissed. en-us Mon, 04 Aug 2003 00:00:00 +0530 Fri, 07 Jan 2011 16:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60700 The Tribunal held that the payment of Rs. 2 lakhs made by the assessee to M/s. Wise Men's Consultancy Co. (P.) Ltd. for training materials and tools necessary for conducting training courses constituted revenue expenditure. However, a separate opinion by the Judicial Member considered the payment as capital expenditure for acquiring a right to conduct the commercial activities of another company. The matter was referred to a Third Member, who concluded that the payment aimed to avoid competition and acquire an enduring benefit, thus classifying it as capital expenditure. Consequently, the payment was deemed as capital expenditure, and the assessee's appeal was dismissed. Case-Laws Income Tax Mon, 04 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60700