https://www.taxtmi.com/caselaws?id=71745 Technical know-how acquired under a collaboration agreement was held eligible for depreciation where the assessee had obtained and used the drawings and designs as the effective owner for practical purposes. A reversion clause requiring return of the materials only upon cancellation for breach was construed as contingent and did not negate ownership or use in the normal course. On that basis, depreciation on the technical know-how fees was allowable and the Revenue's objection failed. en-us Wed, 15 Sep 1982 00:00:00 +0530 Tue, 26 Apr 2011 18:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71745 Technical know-how acquired under a collaboration agreement was held eligible for depreciation where the assessee had obtained and used the drawings and designs as the effective owner for practical purposes. A reversion clause requiring return of the materials only upon cancellation for breach was construed as contingent and did not negate ownership or use in the normal course. On that basis, depreciation on the technical know-how fees was allowable and the Revenue's objection failed. Case-Laws Income Tax Wed, 15 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71745