The Commissioner Of Income Tax - 8 v. M/S. Jacobs H & G Pvt. Ltd

KJ IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.4166 OF 2009 The Commissioner of Income Tax - 8Vs.M/s. Jacobs H & G Pvt. Ltd., )..Appellant )..Respondents ---- Mr. Suresh Kumar for the appellant. Mr. Subhash S. Shetty for the respondents. ---- CORAM : J. P .DEVADHAR & MRS.MRIDULA BHATKAR,JJ DATE : 10/1/2011. PC 1The question raised in this Appeal is “ Whether the Tribunal was justified in holding that expenditure incurred by the Assessee on account of technical know-how is a revenue expenditure ? paragraph nos.10.5 & 10.7 of the judgment shows that the technical know-how was procured in connection with the execution of a job for a limited period and the technical know-how did not amount to acquiring any asset of enduring nature and therefore the expenditure in question is a revenue expenditure. The finding is based on finding of fact. No question of law arises out of order of the Tribunal. Hence, Appeal is dismissed. (MRS.MRIDULA BHATKAR,J) (J.P.DEVADHAR,J)