The Tax Publishers2020 TaxPub(DT) 1148 (Guj-HC)

INCOME TAX ACT, 1961

Section 32

This appeal on the question of law as proposed, but with little modification as to whether Tribunal had erred in upholding the decision of CIT(A) in deleting the addition of amount of disallowance of depreciation for acquiring the license of application software.

Depreciation - Disallowance of depreciation - -

Issue arose for consideration as to Whether Tribunal had erred in law and on facts by upholding the decision of CIT(A) in deleting the disallowance of depreciation of Rs. 20,58,80,087. Held: This appeal on the question of law as proposed, but with little modification as to whether Tribunal had erred in upholding the decision of CIT(A) in deleting the addition of amount of disallowance of depreciation for acquiring the license of application software

REFERRED :

FAVOUR : Appeal admitted

A.Y. : 2010-11

INCOME TAX ACT, 1961

Section 36(1)(iii)

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