https://www.taxtmi.com/caselaws?id=21662 The court directed the Appellate Tribunal to reevaluate the appeal for the assessment year 1971-72, focusing on the exclusion and valuation of technical know-how components from the manuals for claiming depreciation and development rebate. The judgment emphasized the necessity of a rational and objective basis for determining the cost of such components, criticizing the Tribunal's arbitrary approach and lack of scientific norms in excluding certain items. The decision underscores the significance of a reasoned methodology in assessing the cost of technical know-how for tax purposes. en-us Tue, 17 Sep 1991 00:00:00 +0530 Thu, 26 Nov 2009 13:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21662 The court directed the Appellate Tribunal to reevaluate the appeal for the assessment year 1971-72, focusing on the exclusion and valuation of technical know-how components from the manuals for claiming depreciation and development rebate. The judgment emphasized the necessity of a rational and objective basis for determining the cost of such components, criticizing the Tribunal's arbitrary approach and lack of scientific norms in excluding certain items. The decision underscores the significance of a reasoned methodology in assessing the cost of technical know-how for tax purposes. Case-Laws Income Tax Tue, 17 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21662