Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
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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