https://www.taxtmi.com/caselaws?id=20393 The court held that unabsorbed depreciation takes priority over unabsorbed development rebate for set off against profits. The assessee was denied depreciation on acquiring technical data but allowed depreciation on purchasing know-how. The issue of payment for know-how as revenue expenditure was not addressed due to the previous ruling. en-us Fri, 02 Apr 1993 00:00:00 +0530 Fri, 13 Nov 2009 16:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20393 The court held that unabsorbed depreciation takes priority over unabsorbed development rebate for set off against profits. The assessee was denied depreciation on acquiring technical data but allowed depreciation on purchasing know-how. The issue of payment for know-how as revenue expenditure was not addressed due to the previous ruling. Case-Laws Income Tax Fri, 02 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20393