https://www.taxtmi.com/caselaws?id=55638 The ITAT ruled in favor of the assessee, allowing depreciation and investment allowance on the capitalised expenditure for technical fees. Additionally, the royalty payment was treated as revenue expenditure. The judgment highlighted the interconnected nature of the licence and know-how in the collaboration agreement and examined the agreement's terms to determine the payment's nature. en-us Thu, 13 Jul 1989 00:00:00 +0530 Mon, 29 Nov 2010 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55638 The ITAT ruled in favor of the assessee, allowing depreciation and investment allowance on the capitalised expenditure for technical fees. Additionally, the royalty payment was treated as revenue expenditure. The judgment highlighted the interconnected nature of the licence and know-how in the collaboration agreement and examined the agreement's terms to determine the payment's nature. Case-Laws Income Tax Thu, 13 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55638