2000 (12) TMI 85

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..... he opinion of this court by the Income-tax Appellate Tribunal (in short, "the Tribunal") under section 256(2) of the Income-tax Act, 1961 (in short, "the Act") : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure of Rs. 1 lakh incurred by the assessee for technical know-how was attributable to particular capital assets and was, the .....

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..... ve heard learned counsel for the Revenue. There is no appearance on behalf of the assessee in spite of notice. Learned counsel for the Revenue submitted that the directions are incapable of being worked out as it is not known as to which particular asset, that expenditure so incurred has to be added. We find that the forums below, including the Tribunal, have taken into account the following asp .....

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