1988 (11) TMI 5 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee regarding the deduction of technical fees under collaboration agreements for the assessment year 1971-72. The judgment was delivered by Judge S. P. Bharucha. The issue was concluded based on a previous judgment in CIT v. T. Maneklal Mfg. Co. Ltd. [1978] 115 ITR 725. No costs were awarded.