goods or for rendering services, including those required for replacement, modernisation, technological upgradation or expansion. It also includes packaging machinery and equipment refractories for initial
following grounds -
a. The appellant is equally responsible for the technology upgradation
that is taking place in India;
b. The appellant pays model ... holding as under:
a) The assessee is equally responsible for the technology upgradation that
is taking place in India;
b) The assessee pays model
Hero Honda Motors Ltd,, New Delhi vs Dcit, New Delhi on 2 February, 2017
INCOME
Supreme Court reads:
"Enforcement of the Rules and efforts to upgrade the technology relevant to the handling of
solid municipal waste is a perennial ... direction incidental to the purpose underlying the Rules such as upgradation of technology
wherever possible. All these matters can, in our opinion, be best left
M/S. Spicer India Limited,, Pune vs Assistant Commissioner Of ... on 10 February, 2017
आयकर
need of higher investment in plant and
machinery or equipment for technological
upgradation, employment generation and
enhanced competitiveness of the class or
classes of enterprises
required, send to the company by post, documentation on matters concerning technology upgradation and development of new products in the field of carbon and graphite ... Rusinko is to keep the assessee abreast of matters concerning technology upgradation and development of new products in the field of carbon and graphite, besides
trivial and inconsequential factum as in the
automobile industry, technology upgradation is constant and rapid. Gone
are the days when one or two manufacturers enjoyed ... keep up and
upgrade would result in product rejection and fall in sales. Persistent
upgradation and cutting edge technology is mandate and business
requirement
necessary to provide our exporters with requisite resources for modernisation, technological upgradation, product development and other activities with a view to raising their efficiency
done is an effective enforcement of
the said Rules and possible upgradation of technology
wherever necessary. Enforcement of the Rules and efforts to
upgrade ... direction incidental to the purpose underlying
the Rules such as upgradation of technology wherever
possible....."
(iii) By quoting the above decision, the learned counsel
