2000 (12) TMI 85 - HC - Income Tax

Summary

The Delhi High Court ruled on the classification of expenditure for technical know-how as capital or revenue. The Tribunal determined it to be capital expenditure, to be added to the cost of the company's business asset on a pro rata basis. The Court directed the Assessing Officer to determine the amount to be added to the cost of plant and machinery. The reference was disposed of without being answered.