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2010 (10) TMI 25 - DELHI HIGH COURT
Revenue Expenditure versus capital expenditure - payment for technical know how fees for supply of technology - Assessee treated the payment as revenue expenditure - AO treated the same as capital expenditure - Held that: - Tribunal was justified in its opinion that the payment made in question was allowable as revenue expenditure and not as capital expenditure allowable for deprecation under Section 32 of the Act.