https://www.taxtmi.com/caselaws?id=213483 The appeal was allowed by the ITAT for statistical purposes. The ITAT directed the Assessing Officer to re-examine the disallowance of the cost of application software as capital expenditure, with 60% depreciation allowed on the software. Additionally, the ITAT instructed the AO to verify the excess claim of expenditure related to sales incentives to prevent double taxation. The matter was remanded back to the AO for fresh adjudication based on the duration of use of the software and proper verification of the claimed expenditure. en-us Mon, 30 Jan 2012 00:00:00 +0530 Tue, 22 May 2012 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213483 The appeal was allowed by the ITAT for statistical purposes. The ITAT directed the Assessing Officer to re-examine the disallowance of the cost of application software as capital expenditure, with 60% depreciation allowed on the software. Additionally, the ITAT instructed the AO to verify the excess claim of expenditure related to sales incentives to prevent double taxation. The matter was remanded back to the AO for fresh adjudication based on the duration of use of the software and proper verification of the claimed expenditure. Case-Laws Income Tax Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213483