https://www.taxtmi.com/caselaws?id=71020 The Department's appeal for the assessment year 1978-79 was partially allowed, while for the assessment year 1979-80, it was rejected by the Tribunal. The Tribunal determined that the license fee paid to foreign collaborators should be treated as revenue expenditure, disallowances for engineering services and royalty payments were rejected, and errors in preliminary expenses were to be rectified. Additionally, deductions under section 80MM based on gross receipts were upheld, and depreciation on the cost of documents was allowed. The Tribunal emphasized the importance of maintaining judicial propriety by following earlier ITAT orders unless overruled. en-us Thu, 18 Feb 1988 00:00:00 +0530 Wed, 20 Apr 2011 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71020 The Department's appeal for the assessment year 1978-79 was partially allowed, while for the assessment year 1979-80, it was rejected by the Tribunal. The Tribunal determined that the license fee paid to foreign collaborators should be treated as revenue expenditure, disallowances for engineering services and royalty payments were rejected, and errors in preliminary expenses were to be rectified. Additionally, deductions under section 80MM based on gross receipts were upheld, and depreciation on the cost of documents was allowed. The Tribunal emphasized the importance of maintaining judicial propriety by following earlier ITAT orders unless overruled. Case-Laws Income Tax Thu, 18 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71020