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1973 (9) TMI 10 - HC - Income Tax" Whether, on the facts and circumstances of the case, the Tribunal was right in holding that out of the sum of Rs. 21,232, the expenditure incurred in connection with technical know-how for manufacturing electric hoists was capital expenditure ? " On the facts and in the circumstances of the case, the Tribunal was not right in holding that out of the sum of Rs. 22,233, the expenditure incurred in connection with technical know-how for manufacturing electric hoists was capital expenditure. We answer the question referred to us accordingly in favour of the assessee and against the revenue.
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