know-how fee related to grant of technical assistance and continuous know-how, including training of personnel,is revenue in nature

The third installment of know-how fee which related to grant of technical assistance and continuous know-how, in Italy, including training of personnel, in Italy is revenue in nature, any interest paid in relation to delayed payments will also, have to be treated, as one, which is, on revenue account.  IN THE HIGH COURT OF DELHI AT NEW DELHI ITR 139/1988 AND ITR NO. 202/1989 COMMISSIONER OF INCOME TAX Versus J K SYNTHETICS LIMITED Date of Judgment: December 17, 2008 J   U   D   G   M   E   N   T RAJIV SHAKDHER, J 1. These references have been made at the instan...