https://www.taxtmi.com/caselaws?id=69730 The court upheld that the payments made by the public limited company to foreign collaborators for technical know-how and research and development for an electricity organization were of a capital nature and not eligible for deduction. The claim for depreciation on the disallowed amount was also rejected as the plant and machinery were not utilized in the business. The issue of depreciation was remanded for further examination, and the admissibility of the claim for payment to RDOEI under different sections of the Income Tax Act was directed to be reevaluated. The appeal was partially allowed for statistical purposes. en-us Wed, 14 Mar 1979 00:00:00 +0530 Mon, 11 Apr 2011 17:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69730 The court upheld that the payments made by the public limited company to foreign collaborators for technical know-how and research and development for an electricity organization were of a capital nature and not eligible for deduction. The claim for depreciation on the disallowed amount was also rejected as the plant and machinery were not utilized in the business. The issue of depreciation was remanded for further examination, and the admissibility of the claim for payment to RDOEI under different sections of the Income Tax Act was directed to be reevaluated. The appeal was partially allowed for statistical purposes. Case-Laws Income Tax Wed, 14 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69730