https://www.taxtmi.com/caselaws?id=263341 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the addition made by the AO. The decision favored the assessee, emphasizing that the disallowance of depreciation under Section 40(a)(i) was incorrect. The Tribunal highlighted that depreciation is a statutory deduction, not subject to TDS provisions, referencing relevant ITAT decisions. The judgment clarified the treatment of capitalized software payments, providing a favorable outcome for the assessee on 26th June 2015. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 31 Aug 2015 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263341 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the addition made by the AO. The decision favored the assessee, emphasizing that the disallowance of depreciation under Section 40(a)(i) was incorrect. The Tribunal highlighted that depreciation is a statutory deduction, not subject to TDS provisions, referencing relevant ITAT decisions. The judgment clarified the treatment of capitalized software payments, providing a favorable outcome for the assessee on 26th June 2015. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263341