https://www.taxtmi.com/caselaws?id=122103 The Tribunal upheld the CIT(A)'s decision to allow depreciation on computer software at 60% instead of 25%, considering software as integral to computer operations. It confirmed the eligibility of income from training activity for exemption under Section 10A, stating its connection to software development. The Tribunal directed inclusion of training income in both export and total turnover. However, it rejected the claim for deduction under Section 10A based on exchange gain on travel recovery. Additionally, it upheld the deletion of transfer pricing adjustment on commission fees, dismissing the revenue's appeal and partially allowing the assessee's cross-objection. en-us Tue, 31 Aug 2010 00:00:00 +0530 Fri, 29 Sep 2023 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122103 The Tribunal upheld the CIT(A)'s decision to allow depreciation on computer software at 60% instead of 25%, considering software as integral to computer operations. It confirmed the eligibility of income from training activity for exemption under Section 10A, stating its connection to software development. The Tribunal directed inclusion of training income in both export and total turnover. However, it rejected the claim for deduction under Section 10A based on exchange gain on travel recovery. Additionally, it upheld the deletion of transfer pricing adjustment on commission fees, dismissing the revenue's appeal and partially allowing the assessee's cross-objection. Case-Laws Income Tax Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122103