https://www.taxtmi.com/caselaws?id=236940 The Tribunal's judgments in the case were mixed, with some decisions favoring the Revenue and others the assessee. The key outcomes included upholding depreciation on technical know-how as an intangible asset eligible for depreciation, recognizing contractual obligations for liquidated damages, and remanding issues related to retention money and interest on advances for further verification. However, the Tribunal ruled against the assessee in disallowing warranty provisions and treating principal repayments on finance leases as capital expenditures rather than revenue expenses. en-us Thu, 05 Sep 2013 00:00:00 +0530 Tue, 31 Mar 2015 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236940 The Tribunal's judgments in the case were mixed, with some decisions favoring the Revenue and others the assessee. The key outcomes included upholding depreciation on technical know-how as an intangible asset eligible for depreciation, recognizing contractual obligations for liquidated damages, and remanding issues related to retention money and interest on advances for further verification. However, the Tribunal ruled against the assessee in disallowing warranty provisions and treating principal repayments on finance leases as capital expenditures rather than revenue expenses. Case-Laws Income Tax Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236940