https://www.taxtmi.com/caselaws?id=61695 The Tribunal partly allowed the appeal by directing the allowance of depreciation on assets leased to PSEB and NACAST, finding those transactions genuine. The issue of depreciation on other leases was remanded for fresh adjudication. Additionally, the Tribunal allowed the software expenses as revenue expenditure, disagreeing with the capital expenditure treatment by the CIT(A). en-us Tue, 28 Aug 2001 00:00:00 +0530 Thu, 13 Jan 2011 18:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61695 The Tribunal partly allowed the appeal by directing the allowance of depreciation on assets leased to PSEB and NACAST, finding those transactions genuine. The issue of depreciation on other leases was remanded for fresh adjudication. Additionally, the Tribunal allowed the software expenses as revenue expenditure, disagreeing with the capital expenditure treatment by the CIT(A). Case-Laws Income Tax Tue, 28 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61695