2002 (9) TMI 97

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....me-tax Appellate Tribunal, dated March 30, 2001. After the first presentation of the appeal petition, we directed notice to be given to the assessee, and today the assessee has appeared and contested the admission of appeal. The assessment year involved is 1985-86, the previous year of the assessee having ended with the expiry of December 31, 1984. The only point involved is in regard to ....

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....n which was identical to the above sum paid to the Japanese suppliers. The assessee treated the sum as representing a mere sale. The facts found disclosed that the assessee itself was not the manufacturer of any motor vehicles and it used the information for passing it on and obtaining reimbursement by way of consideration. The agreement between the assessee and the Japanese suppliers, vi....

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....dispute into one which is riddled with a substantial and unsettled question of law. No doubt the controversy of an expense being of a capital or a revenue nature, surfaces in the reference court time and again and no doubt sometimes the controversy is difficult to resolve and is full of legal problems, but the present one is not such and it is too simple to require any admission of appeal on an....