2014 (3) TMI 1029 - HC - Income Tax

Expenditure on account design and drawing and fee paid to the foreign technician - characterization as a Revenue expenditure OR capital expenditure - Held that - As decided in assessee s own case 2010 (9) TMI 121 - DELHI HIGH COURT both the issues or questions of law are covered against the Revenue treating the nature of expenses as revenue in nature. - Decided in favour of assessee

Summary

The Delhi High Court dismissed the Revenue's appeal regarding the assessee's expenditure on design and drawing and fee paid to a foreign technician, citing a previous judgment in the case of Commissioner of Income Tax v. Munjal Showa Ltd. The Court found no questions of law to consider based on previous decisions and dismissed the appeals.