https://www.taxtmi.com/caselaws?id=220343 The HC held that the assessee was entitled to deductions for employer and employee contributions to ESI and PF deposited before filing the return under Section 139(1), following the retrospective effect of the omission of the second proviso to Section 43B. However, the Revenue's disallowance of depreciation under Section 40(a)(i) on capitalized payments for technical know-how was overturned. The court found no legal requirement for TDS on such capitalized expenditure and noted that Section 40(a)(i) does not govern depreciation claims. Consequently, the assessee's claim for depreciation on technical know-how was allowed. en-us Mon, 08 Oct 2012 00:00:00 +0530 Tue, 24 Feb 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220343 The HC held that the assessee was entitled to deductions for employer and employee contributions to ESI and PF deposited before filing the return under Section 139(1), following the retrospective effect of the omission of the second proviso to Section 43B. However, the Revenue's disallowance of depreciation under Section 40(a)(i) on capitalized payments for technical know-how was overturned. The court found no legal requirement for TDS on such capitalized expenditure and noted that Section 40(a)(i) does not govern depreciation claims. Consequently, the assessee's claim for depreciation on technical know-how was allowed. Case-Laws Income Tax Mon, 08 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220343