CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
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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