https://www.taxtmi.com/caselaws?id=208694 The ITAT partially allowed the appeal, directing the Assessing Officer to reevaluate the treatment of expenditure on software acquisition as capital or revenue based on specified criteria. It held that deductions on employees' contribution to Provident Fund were permissible despite delayed payments, following a Delhi High Court decision. Additionally, the ITAT ruled in favor of allowing depreciation on the tube-well within the factory premises, emphasizing its use for factory operations and as part of plant and machinery. en-us Fri, 26 Feb 2010 00:00:00 +0530 Wed, 18 Jan 2012 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208694 The ITAT partially allowed the appeal, directing the Assessing Officer to reevaluate the treatment of expenditure on software acquisition as capital or revenue based on specified criteria. It held that deductions on employees' contribution to Provident Fund were permissible despite delayed payments, following a Delhi High Court decision. Additionally, the ITAT ruled in favor of allowing depreciation on the tube-well within the factory premises, emphasizing its use for factory operations and as part of plant and machinery. Case-Laws Income Tax Fri, 26 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208694