https://www.taxtmi.com/caselaws?id=121770 The Tribunal partly allowed the appeal, ruling in favor of the appellant regarding the disallowance of the contribution towards the Employees' Gratuity Fund due to retroactive approval. The issue of launch expenses was remanded back to the Assessing Officer for reconsideration in line with a previous judgment, with directions to allow depreciation if any part is deemed capital expenditure. However, the disallowance of royalty expenses was upheld as capital in nature, based on the enduring benefit derived from the technical information. en-us Fri, 21 Nov 2008 00:00:00 +0530 Mon, 06 Aug 2012 12:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121770 The Tribunal partly allowed the appeal, ruling in favor of the appellant regarding the disallowance of the contribution towards the Employees' Gratuity Fund due to retroactive approval. The issue of launch expenses was remanded back to the Assessing Officer for reconsideration in line with a previous judgment, with directions to allow depreciation if any part is deemed capital expenditure. However, the disallowance of royalty expenses was upheld as capital in nature, based on the enduring benefit derived from the technical information. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121770