https://www.taxtmi.com/caselaws?id=181191 The Tribunal upheld the CIT(A)'s decision to allow 100% depreciation on steel rollers and treat software expenses as revenue expenditure. The Tribunal found the steel roller purchases genuine based on evidence provided, including correspondence and lease agreements. Regarding software expenses, the Tribunal agreed with the CIT(A) that they should be treated as revenue expenditure due to their relation to computer hardware, citing precedents and consistent views in similar cases. The Department's appeal was dismissed, affirming the CIT(A)'s decisions on both issues. en-us Thu, 09 Nov 2006 00:00:00 +0530 Sat, 09 Apr 2016 10:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181191 The Tribunal upheld the CIT(A)'s decision to allow 100% depreciation on steel rollers and treat software expenses as revenue expenditure. The Tribunal found the steel roller purchases genuine based on evidence provided, including correspondence and lease agreements. Regarding software expenses, the Tribunal agreed with the CIT(A) that they should be treated as revenue expenditure due to their relation to computer hardware, citing precedents and consistent views in similar cases. The Department's appeal was dismissed, affirming the CIT(A)'s decisions on both issues. Case-Laws Income Tax Thu, 09 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181191