[{"news_id":"12067","news_title":"Payment for know-how is revenue expenditure if used exclusively to cater customer\u0027s requirement","news_short_description":"\u003chtml xmlns=\"http://www.w3.org/1999/xhtml\"\u003e\r\n\u003chead\u003e\r\n\u003ctitle\u003e \u003c/title\u003e\r\n\u003clink href=\"http://www.taxmann.com/css/style.css\" rel=\"stylesheet\" type=\"text/css\" /\u003e\r\n\u003c/head\u003e\r\n\u003cbody\u003e\r\n\u003cdiv\u003e\r\n\u003cp class=\"dgthreedigest\"\u003eIT : Where expenditure was incurred by assessee for acquiring technical know-how for carrying out engineering work to suit requirement of particular client \r\nand said know-how \r\ncould not be used by assessee for project of others, it would be  a revenue expenditure eligible for deduction under section 37(1) \r\n- [2012] 24 taxmann.com 129 (Madras)\u003c/p\u003e\r\n\r\n\u003c/div\u003e\r\n\u003c/body\u003e\r\n\u003c/html\u003e","news_date":"8/21/2012 1:53:00 PM"}]