Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Whether software acquired/held by the taxpayer qualifies for depreciation at 60% as an intangible asset: Tribunal applied precedent holding that software-even if developed in-house to meet proprietary requirements-falls within the statutory definition of intangible asset attractant of higher block rate, relying on prior authority establishing 60% allowance; accordingly the lower authorities' restriction to 25% was reversed and depreciation at 60% was allowed, resulting in allowance of the appeal. - ITAT
Whether software acquired/held by the taxpayer qualifies for depreciation at 60% as an intangible asset: Tribunal applied precedent holding that software-even if developed in-house to meet proprietary requirements-falls within the statutory definition of intangible asset attractant of higher block rate, relying on prior authority establishing 60% allowance; accordingly the lower authorities' restriction to 25% was reversed and depreciation at 60% was allowed, resulting in allowance of the appeal. - ITAT
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