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2002 (9) TMI 97 - HC - Income TaxCapital Or Revenue Expenditure, Technical Know-how - whether this expenditure by the assessee was of a capital or a revenue nature. The Assessing Officer had held the expenditure to be of a capital nature and allowed depreciation but disallowed total deduction. - We are still less concerned with the provisions introduced in 1998 in section 32(1)(ii) of the Income-tax Act which relates to depreciation of know-how which is used for the purposes of the assessee's business. - Since these sections are not involved and the matter does not require any consideration of any still unsettled point of law, the appeal petition is summarily rejected.
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