https://www.taxtmi.com/caselaws?id=15513 The High Court ruled in favor of the assessee regarding the depreciation on technical know-how capitalized, as the questions were previously decided in favor of the assessee. However, the Court sided with the Revenue in the disputes over the disallowance under section 40A(5) of the Income-tax Act and excess expenditure on employee traveling under rule 6D(2) of the Income-tax Rules. The Court emphasized that deductions under rule 6D(2) should be considered based on each trip of an individual employee, aligning with the specific language and provisions of the rule. en-us Mon, 30 Nov 1998 00:00:00 +0530 Tue, 25 Aug 2009 16:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15513 The High Court ruled in favor of the assessee regarding the depreciation on technical know-how capitalized, as the questions were previously decided in favor of the assessee. However, the Court sided with the Revenue in the disputes over the disallowance under section 40A(5) of the Income-tax Act and excess expenditure on employee traveling under rule 6D(2) of the Income-tax Rules. The Court emphasized that deductions under rule 6D(2) should be considered based on each trip of an individual employee, aligning with the specific language and provisions of the rule. Case-Laws Income Tax Mon, 30 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15513