https://www.taxtmi.com/caselaws?id=58156 A composite collaboration payment for technical advice, training, ancillary services and personnel support was not treated as consideration for acquiring a "plant" asset, because the know-how documents alone did not constitute complete, practical know-how; depreciation was therefore denied. The assessee's business, however, involved successive manufacturing and processing stages using skilled labour and specialised equipment to produce an end-product distinct from the raw material, and this supported classification as an industrial company engaged in manufacture or processing of goods; the concessional tax rate was allowed. en-us Wed, 11 Jul 1984 00:00:00 +0530 Fri, 17 Dec 2010 16:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58156 A composite collaboration payment for technical advice, training, ancillary services and personnel support was not treated as consideration for acquiring a "plant" asset, because the know-how documents alone did not constitute complete, practical know-how; depreciation was therefore denied. The assessee's business, however, involved successive manufacturing and processing stages using skilled labour and specialised equipment to produce an end-product distinct from the raw material, and this supported classification as an industrial company engaged in manufacture or processing of goods; the concessional tax rate was allowed. Case-Laws Income Tax Wed, 11 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58156