Section 4(4) in The National Commission for Minority Educational Institutions (Annual Statement of Accounts) Rules, 2006
4.1Patents. - The expenditure incurred from time-to-time (application fees, legal expenses etc.) for obtaining Patents is temporarily capitalized and shown as part of Intangible Assets in the Balance Sheet. If applications for patents are rejected, the cumulative expenditure incurred on the particular patent is written off to the Income & Expenditure Account in the year the application is rejected.The expenditure on Patents granted is written off over a life of 9 years on a conservative basis.
