Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1985 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1985 (5) TMI 18 - HC - Income TaxExtract: .......d parcel of the collaboration agreement. Without the know-how, the agreement could not work. So, by this line of reasoning also, it must be held that the amount is a revenue expenditure and not a capital expenditure. The question referred to us is answered accordingly. Due to the complexity of the case, the parties are left to bear their own costs.
|