1984 (2) TMI 66

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....ed by SUJATA V. MANOHAR J.-The assessee is a company carrying on business as manufacturer of furnaces, factory ovens, etc. The assessment years under consideration are 1966-67 to 1969-70. On March 1, 1965 the assessee entered into a licensing and technical assistance agreement with M/s. Westinghouse Electric International Co. of U.S.A. for the manufacture of special types of heavy duty indus....

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....e of water tube boilers and fire tube boilers. This was also an agreement of technical assistance and licence to manufacture. Under the agreement, the assessees were furnished with drawings, specifications, etc., required for the manufacture of the said items and these drawings were to be returned at the termination of the agreement. In this agreement as well as in the previous agreement, there wa....

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....the case, the sum of Rs. 2,399 claimed by the assessee as deduction in each of these years was expenditure of a revenue nature and allowable as such ? 2. Whether, on the facts and in the circumstances of the case, the sum paid to Superior Combustion Industries of New York and written off in each of these years to the extent of 1/5th is revenue expenditure and allowable as such?" The answer t....