TaxTMI 
TaxTMI 
2018 (6) TMI 1598
X X X X Extracts X X X X
X X X X Extracts X X X X
....a, These two appeals by the Revenue are preferred against two separate orders of the CIT(A) - Faridabad dated 18.12.2014 pertaining to A.Ys 2010-11 and 2011-12. Common issues are involved in both the impugned appeals, therefore, they were heard together and are being disposed of by this common order for the sake of convenience and brevity, though the quantum may differ. 2. The common gri....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e find that identical issues were considered by the Tribunal in ITA Nos. 6603/DEL/2014 and 6923/DEL/2014 for assessment year 2009-10. The relevant finding of the Tribunal reads as under: "16. The 3rd ground in the appeal of the revenue was against the order of the Ld. CIT (A) deleting the addition of Rs. 9819356/- on account of technical know-how is fees paid to the parent company of the assesse....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ced at page No. 150 of the paper book which proves that expenditure is related with the sales of the assessee. He further stated that in the annual accounts of the assessee placed at page No. 1632.82 of the paper book the assessee has also treated the technical know-how expenditure is revenue in nature. The brief facts shows that the assessee is already engaged in the business of manufacturing pap....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... it is not at its an altogether a new line of business which is developed. The Ld. departmental representative could not point out any infirmity in the order of the Ld. CIT (A). In view of above facts we do not find any reason to disturb the finding of the Ld. CIT (A) in allowing the claim of the assessee of technical know-how fees paid to its parent company as revenue in nature. In the result gro....