1988 (12) TMI 27 - HC - Income Tax

Summary

The High Court of Bombay delivered a judgment regarding technical know-how fees paid to foreign collaborators. The court ruled in favor of the assessee, allowing depreciation on the technical know-how as plant under the Income-tax Act. The first question was not answered as it was not pressed by the counsel. No costs were awarded. (Case citation: 1988 (12) TMI 27 - BOMBAY High Court)