https://www.taxtmi.com/acts?id=3559 Deduction for lump-sum payments to acquire know-how used in the business is allowed by permitting a specified portion in the year of payment and the balance in equal instalments over the immediately succeeding years; accelerated instalment treatment applies where the know-how is developed in eligible laboratories, universities or institutions. On amalgamation or demerger, the transferee company can claim the remaining deduction to the same extent and for the residual period available to the transferor. "Know-how" is defined to cover industrial information or techniques aiding manufacture, processing or mining operations. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 13:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3559 Deduction for lump-sum payments to acquire know-how used in the business is allowed by permitting a specified portion in the year of payment and the balance in equal instalments over the immediately succeeding years; accelerated instalment treatment applies where the know-how is developed in eligible laboratories, universities or institutions. On amalgamation or demerger, the transferee company can claim the remaining deduction to the same extent and for the residual period available to the transferor. "Know-how" is defined to cover industrial information or techniques aiding manufacture, processing or mining operations. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3559