2009 (7) TMI 1351

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....ad claimed payment of technical fee as well as expenses incurred on marketing research and advertisement and publicity as revenue expenses. The Assessing Officer in his assessment order came to the conclusion that these were the capital expenses. While treating it to be so, he also initiated penalty proceedings under section 271(12)(c) of the Income-tax Act, 1961 and imposed penalty of ₹ 24,....