https://www.taxtmi.com/caselaws?id=409875 The Tribunal partially allowed the assessee's appeal, dismissing the grounds related to additional depreciation and reclassification of assets while allowing the ground regarding the capitalization of the Technical Know-how Fee. The decision was announced on 7th July 2021, with the Tribunal focusing on substantive issues of depreciation and capitalization, without specifically addressing the initiation of penalty proceedings under Section 271(i)(c) of the Income Tax Act. en-us Wed, 07 Jul 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409875 The Tribunal partially allowed the assessee's appeal, dismissing the grounds related to additional depreciation and reclassification of assets while allowing the ground regarding the capitalization of the Technical Know-how Fee. The decision was announced on 7th July 2021, with the Tribunal focusing on substantive issues of depreciation and capitalization, without specifically addressing the initiation of penalty proceedings under Section 271(i)(c) of the Income Tax Act. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409875