Determination of nature of expenditure incurred by an assess


Last updated: 31 December 2008

Court :
HIGH COURT OF DELHI

Brief :
Where the assessee-company had only acquired “access” to technical information under the agreement i.e. know-how which related to the process of manufacture, which was not, related to any secret process or patent rights or even the right to use a trademark or trade name under the agreement, the payments, can only be categorized as one made on revenue account

Citation :
CIT v J. K. Synthetics Ltd. ITR NO. 139/1988 and ITR No. 202/1989 December 17, 2008

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CHEZHIYAN
Published in Income Tax
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