1999 (8) TMI 4

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Income Tax
B. N. KIRPAL AND S. RAJENDRA BABU JJ. For the Appellant : M. L. Verma, Senior Advocate (Ranbir Chandra , S. D. Sharma and S. K. Dwivedi, Advocates) For the Respondent : C. S. Aggar .....

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..... cumstances of the case, the Tribunal was right in law in holding that the payment on account of technical know-how amounting to Rs. 72,91,580 is allowable deduction as revenue expenditure under the In .....

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