1991 (3) TMI 84

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....SUGLA J. -The only question of law referred to this court in this departmental reference relating to the assessee's assessment for the assessment year 1969-70 is : "Whether, on the facts and in the circumstances of the case, the sum of Rs. 47,207 paid by the assessee-company to Moellar under agreement dated July 1, 1966, was a permissible deduction ?" Ordinarily, in view of the Supreme Court....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e cost of the know-how, treating it as a plant within the meaning of sections 43(3) and 32 of the Income-tax Act, 1961. Following another decision of the Supreme Court in the case of Scientific Engineering House P. Ltd. v. CIT [1986] 157 ITR 86, the order was passed with the consent of the parties that the second question in that case be answered in the affirmative in favour of the assessee and....