Case Law Details
Case Name : Mahindra & Mahindra Ltd. Vs JCIT (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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RELEVANT PARAGRAPH
25.9 In the light of the above discussion, if we consider the facts of the case under consideration, we find that the expenditures were incurred though on technical know-how but in respect of improving the performance of existing product i.e. utility vehicles. It is not the case of the revenue that these expenditures are capital in nature. Payments were intimately linked up with the manufacturing activities of the assessee and not with the cap
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