Commissioner of Income Tax versus Denso India Pvt. Ltd (Delhi High Court)

ITAT was justified in law in holding that the amount of Rs. 63,46,000 paid by the assessee for acquiring technical know-how was allowable as revenue expenditure? The Tribunal was justified in its opinion that the payment made in question was allowable as revenue expenditure and not as capital expenditure allowable for deprecation under Section 32 of the Act . IN THE HIGH COURT OF DELHI AT NEW DELHI { ITA 16 of 2008, ITAs 1011/2007, 107/2009, 293/2010, 840/2010 & 839/2010} Judgment Reserved on: 14th September, 2010 Judgment Pronounced on : 08th October, 2010 (1) ITA 16 OF 2008 THE COMMIS...