Assessee-Company Granted Depreciation & Development Rebate for Acquiring Technical Know-How

The High Court of Bombay allowed the assessee-company's claim for depreciation and development rebate on the acquisition of technical know-how documents valued at Rs. 50,000. The decision was rendered by Judge S. P. Bharucha J., relying on precedent court rulings.

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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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