also harsh on the part
of the respondents fixing that the technical collaborative
company should be a hydraulic turbine company from India
and not other ... which technical collaborator. Since it is
open for the petitioner to have collaboration with any one
of the six collaborators for technical expertise
assessee paid a sum
of Rs.58,44,711/- under technical
collaboration agreement, to M/s Ring Tech-
Company Japan ... technical kn ow how a s
an intangible a sset on w hich depreciation is
allowable.
Further. it is seen that the Technical Collaboration
agreement
Tetenal Vertribs GmBH, Germany, with whom they had an agreement for technical collaboration. In terms of the Clause 4 of the notification ... grounds of appeal and pleaded that the respondent company had technical collaboration with M/s. Tetenal Vertribs GmBH, Germany and under that agreement, they were
agreement, guarantee agreement, catalyst supply agreement and lumpsum payments under the technical collaboration. The lower adjudicating authority finalized the assessment by loading the assessable value ... hydrogen gas. The agreement with VOP I -A, USA was a technical collaboration agreement approved by the Secretariat for industrial Approval . As per this agreement
receive
technical assistance for the manufacture of
shock absorbers and right to sell products. As
per the different sections of the Technical
Collaboration Contract from ... drawings, standards, specifications and
technical data, information or knowledge
relating to the manufacturing technology.
Under the terms of the technical collaboration,
the royalty is payable
towards acquiring
technical knowledge which was in the nature of technical knowhow fees. He
also observed that the payment of technical knowhow ... using the technology and filing of the technical services as provided by the
letter under the technical collaboration agreement is allowable as a revenue
expenditure
appellant entered into a technical collaboration
agreement with Stanley Electric Co. of Japan, a global market
leader in the same industry. The appellant had been ... royalty is
related to transfer of technical assistance and know how in the
automotive industry; that the technical collaboration agreement of the
assessee (copy
Committee shall consider
proposals for industrial licence, foreign technical collaboration
agreements and import of capital goods. The Committee shall
not consider applications involving foreign equity
effect from the Effective Date for
the period contained in the Foreign Collaboration Approval letter issued
by the Indian Government. The Parties shall made prompt ... requested the Government on 21-7-
2003 for extension of technical collaboration agreement. Approval to this was
granted by letter dated
provide for a transfer of know-
how. If a technical collaboration agreement were not to culminate as a
result of the preliminary survey which ... lump sum consideration which was payable upon the
execution of the technical collaboration agreement on 25 June 1994. The
question of law would consequently stand
