https://www.taxtmi.com/highlights?id=28989 Depreciation on application of software at lower rate - The actual cost of assets acquired from TGSL to be considered in terms of Explanation 3 to section 43(1) of the Act. Being so the assessee is not entitled for depreciation which was already claimed by TGSL and thereby restricting the depreciation at 25 per cent. on IPR and 60 per cent. on other software - AT en-us Wed, 04 May 2016 09:14:13 +0530 Wed, 04 May 2016 09:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28989 Depreciation on application of software at lower rate - The actual cost of assets acquired from TGSL to be considered in terms of Explanation 3 to section 43(1) of the Act. Being so the assessee is not entitled for depreciation which was already claimed by TGSL and thereby restricting the depreciation at 25 per cent. on IPR and 60 per cent. on other software - AT Highlights Income Tax Wed, 04 May 2016 09:14:13 +0530 https://www.taxtmi.com/highlights?id=28989