{"id":106867,"date":"1988-11-17T00:00:00","date_gmt":"1988-11-16T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/commissioner-of-income-tax-vs-asian-electronics-ltd-on-17-november-1988"},"modified":"2016-10-03T04:20:32","modified_gmt":"2016-10-02T22:50:32","slug":"commissioner-of-income-tax-vs-asian-electronics-ltd-on-17-november-1988","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/commissioner-of-income-tax-vs-asian-electronics-ltd-on-17-november-1988","title":{"rendered":"Commissioner Of Income-Tax vs Asian Electronics Ltd. on 17 November, 1988"},"content":{"rendered":"<div class=\"docsource_main\">Bombay High Court<\/div>\n<div class=\"doc_title\">Commissioner Of Income-Tax vs Asian Electronics Ltd. on 17 November, 1988<\/div>\n<div class=\"doc_citations\">Equivalent citations: 1989 177 ITR 60 Bom<\/div>\n<div class=\"doc_author\">Author: S Bharucha<\/div>\n<div class=\"doc_bench\">Bench: S Bharucha, T Sugla<\/div>\n<\/p>\n<pre><\/pre>\n<p>JUDGMENT<\/p>\n<p>S.P. Bharucha, J.<\/p>\n<p>1.  The question that rises in this reference reads thus:\n<\/p>\n<p> &#8220;Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee-company was entitled to allowance of depreciation an development rebate on Rs. 50,000, the price paid for the acquisition of technical know-how documentations ?&#8221;\n<\/p>\n<p>2. Mr. Jetley, learned counsel for the Revenue, has fairly drawn our attention to the judgment of the Supreme Court in Scientific Engineering House Pvt. Ltd. CIT  and the judgment of this court in CIT v. Sudarshan Chemical Industries Pvt. Ltd. [1986] 159 ITR 629, having regard to which the question must be answered in the affirmative and in favour of the assessee. The question is so answered. No order as to costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bombay High Court Commissioner Of Income-Tax vs Asian Electronics Ltd. on 17 November, 1988 Equivalent citations: 1989 177 ITR 60 Bom Author: S Bharucha Bench: S Bharucha, T Sugla JUDGMENT S.P. Bharucha, J. 1. The question that rises in this reference reads thus: &#8220;Whether on the facts and in the circumstances of the case, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,8],"tags":[],"class_list":["post-106867","post","type-post","status-publish","format-standard","hentry","category-bombay-high-court","category-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commissioner Of Income-Tax vs Asian Electronics Ltd. on 17 November, 1988 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/commissioner-of-income-tax-vs-asian-electronics-ltd-on-17-november-1988\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commissioner Of Income-Tax vs Asian Electronics Ltd. on 17 November, 1988 - Free Judgements of Supreme Court &amp; 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