1998 (8) TMI 16

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.... R. JAYASIMHA BABU J.---The Tribunal in our view has rightly held that the marketing of rubber gaskets which are essential for laying pipelines, an activity in which the assessee was engaged together with another company known as Mysore Structural Limited, did not constitute an activity in the capital field and that the expenditure incurred for securing an order for the supply of the said gaske....

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....ets had hitherto not marketed the same in India does not imply that the assessee had no intention of marketing that product. The fact that it located a customer during that year and for completing the arrangement with that customer, it had to bring in technicians from Athens who apparently were required to study the technical requirements in the field and the nature and specifications of the gaske....