https://www.taxtmi.com/caselaws?id=25633 The court ruled in favor of the assessee in the case, allowing depreciation on the capitalization of shares issued to a foreign company for technical expertise. Additionally, the court held that rent payments for accommodating engineers supervising construction should be capitalized. Relief under section 80J was granted without restriction, and borrowed capital was not excluded from the computation for relief under section 80J. The court directed parties to bear their respective costs and forwarded the judgment to the Income-tax Appellate Tribunal, Cochin Bench. en-us Tue, 07 Apr 1987 00:00:00 +0530 Fri, 29 Jan 2010 18:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25633 The court ruled in favor of the assessee in the case, allowing depreciation on the capitalization of shares issued to a foreign company for technical expertise. Additionally, the court held that rent payments for accommodating engineers supervising construction should be capitalized. Relief under section 80J was granted without restriction, and borrowed capital was not excluded from the computation for relief under section 80J. The court directed parties to bear their respective costs and forwarded the judgment to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Tue, 07 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25633