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<h1>Supreme Court: Lump Sum & Royalty Qualify as Capital Expenditure for Depreciation</h1> <h3>M/s. HONDA SIEL CARS INDIA LTD Versus COMMISSIONER OF INCOME TAX</h3> M/s. HONDA SIEL CARS INDIA LTD Versus COMMISSIONER OF INCOME TAX - [2018] 409 ITR 42 (SC) The Supreme Court ruled that lump sum payment and continuing royalty are treated as capital expenditure, entitling the applicant to depreciation. The Miscellaneous Application and I.A. for directions are disposed of.