https://www.taxtmi.com/caselaws?id=22383 The High Court referred a case back to the Tribunal for further consideration regarding a collaboration agreement involving technical know-how and workshop drawings. The Court upheld the Tribunal's decision allowing depreciation on workshop drawings, considering them as plant assets. It found the company had acquired exclusive rights under the agreement, potentially making a relevant circular applicable. The Court confirmed the Tribunal's decision on payment allocation and allowed depreciation on technical know-how and workshop drawings. Overall, the Court's judgment provided a thorough analysis and resolution, ensuring a fair outcome based on legal principles and precedents. en-us Tue, 25 Jun 1991 00:00:00 +0530 Wed, 09 Dec 2009 16:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22383 The High Court referred a case back to the Tribunal for further consideration regarding a collaboration agreement involving technical know-how and workshop drawings. The Court upheld the Tribunal's decision allowing depreciation on workshop drawings, considering them as plant assets. It found the company had acquired exclusive rights under the agreement, potentially making a relevant circular applicable. The Court confirmed the Tribunal's decision on payment allocation and allowed depreciation on technical know-how and workshop drawings. Overall, the Court's judgment provided a thorough analysis and resolution, ensuring a fair outcome based on legal principles and precedents. Case-Laws Income Tax Tue, 25 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22383