1980 (3) TMI 16

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....llate Tribunal, Bangalore Bench, has referred the following question for the opinion of this court: " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the sum of Rs. 50,652 is allowable as a revenue expenditure ? " The assessee had entered into collaboration agreements with two Japanese companies. The business of the assessee consis....

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....een placed on behalf of the department, before the Tribunal, on the ruling of this court in the case of Mysore Kirloskar Ltd. v. CIT [1968] 67 ITR 23. The Tribunal hold that the facts in the instant case were distinguishable and it observed as follows: " The real point for consideration is whether the payment of royalty to the two Japanese companies was for the right to manufacture the licensed....