https://www.taxtmi.com/caselaws?id=329582 The Tribunal upheld the allowance of depreciation on technical know-how for the appellant, rejecting the Revenue's challenge to the valuation and nature of the asset. It also affirmed the higher depreciation rate for computer peripherals and the correction of accounting errors related to excise duty under Section 145A, leading to the dismissal of Revenue's appeals and the allowance of the assessee's Cross Objections for multiple assessment years. The decision emphasized consistency in depreciation claims and accurate accounting practices. en-us Tue, 28 Jun 2016 00:00:00 +0530 Mon, 04 Jul 2016 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329582 The Tribunal upheld the allowance of depreciation on technical know-how for the appellant, rejecting the Revenue's challenge to the valuation and nature of the asset. It also affirmed the higher depreciation rate for computer peripherals and the correction of accounting errors related to excise duty under Section 145A, leading to the dismissal of Revenue's appeals and the allowance of the assessee's Cross Objections for multiple assessment years. The decision emphasized consistency in depreciation claims and accurate accounting practices. Case-Laws Income Tax Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329582