M/S MANGALORE GANESH BEEDI WORKS vs. COMMISSIONER OF INCOME TAX, MYSORE
The appeals are disposed of in the above terms
C.A. No.-010547-010548 - 2011Supreme Court15 Oct 2015
Section 35ASection 37
35A and 35AB of the Act towards acquisition of Intellectual Property Rights
such as rights over the trademark, copyright and technical know-how. In
the alternative, the Assessee claimed depreciation on capitalizing the value
of the Intellectual Property Rights by treating them as plant.
11.
The Assessing Officer passed an order on 30th March, 1998
rejecting the claim
