1983 (6) TMI 4 - HC - Income Tax

Summary

The High Court of Madras held that technical aid fees and royalties paid to foreign companies were revenue expenditures, not capital expenditures. The court's decision was based on a previous ruling in a similar case involving the same assessee. The court answered both questions in favor of the assessee, rejecting the Revenue's argument for capital expenditure treatment. (Case citation: 1983 (6) TMI 4 - MADRAS High Court)