https://www.taxtmi.com/caselaws?id=441739 The Tribunal allowed the appeal partly, ruling in favor of the assessee on the capitalization of Engineering Research and Development costs. The Tribunal found that the payments made were for the non-exclusive use of technology and not for acquiring any intangible asset, thereby directing the disallowance to be deleted. Other grounds not pressed by the assessee were dismissed. The judgment was pronounced on 01st June 2023. en-us Thu, 01 Jun 2023 00:00:00 +0530 Mon, 14 Aug 2023 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441739 The Tribunal allowed the appeal partly, ruling in favor of the assessee on the capitalization of Engineering Research and Development costs. The Tribunal found that the payments made were for the non-exclusive use of technology and not for acquiring any intangible asset, thereby directing the disallowance to be deleted. Other grounds not pressed by the assessee were dismissed. The judgment was pronounced on 01st June 2023. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441739