https://www.taxtmi.com/caselaws?id=22293 Foreign collaboration payments were held not to be deductible as revenue expenditure, as the deductibility question was answered against the assessee on settled principles applied for consistency. However, the amount paid for know-how was allowed as depreciation by treating it as part of the cost of plant under sections 43(3) and 32 of the Income-tax Act, 1961. The result was a mixed outcome: the deduction claim failed, but depreciation relief on the know-how payment was accepted in favour of the assessee. en-us Tue, 12 Mar 1991 00:00:00 +0530 Wed, 09 Dec 2009 10:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22293 Foreign collaboration payments were held not to be deductible as revenue expenditure, as the deductibility question was answered against the assessee on settled principles applied for consistency. However, the amount paid for know-how was allowed as depreciation by treating it as part of the cost of plant under sections 43(3) and 32 of the Income-tax Act, 1961. The result was a mixed outcome: the deduction claim failed, but depreciation relief on the know-how payment was accepted in favour of the assessee. Case-Laws Income Tax Tue, 12 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22293