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<h1>Assessee-Company Granted Depreciation & Development Rebate for Acquiring Technical Know-How</h1> The High Court of Bombay allowed the assessee-company's claim for depreciation and development rebate on the acquisition of technical know-how documents ... Depreciation, Developement Rebate The High Court of Bombay held that the assessee-company was entitled to allowance of depreciation and development rebate on the acquisition of technical know-how documentations worth Rs. 50,000. The judgment was delivered by Judge S. P. Bharucha J. The decision was based on previous court judgments.
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