https://www.taxtmi.com/caselaws?id=38378 The High Court ruled in favor of capitalizing indirect expenses incurred in setting up company divisions for depreciation and development rebate. Regarding a lump sum payment for know-how, the Court directed the Tribunal to determine if the amount could be included in the cost of machinery and plant before final disposal, refraining from a conclusive decision. The judgment underscores the challenges in distinguishing between capital and revenue expenditures in tax assessments, necessitating further examination by the Tribunal. en-us Mon, 05 Jan 1976 00:00:00 +0530 Mon, 05 Apr 2010 18:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38378 The High Court ruled in favor of capitalizing indirect expenses incurred in setting up company divisions for depreciation and development rebate. Regarding a lump sum payment for know-how, the Court directed the Tribunal to determine if the amount could be included in the cost of machinery and plant before final disposal, refraining from a conclusive decision. The judgment underscores the challenges in distinguishing between capital and revenue expenditures in tax assessments, necessitating further examination by the Tribunal. Case-Laws Income Tax Mon, 05 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38378