https://www.taxtmi.com/caselaws?id=330685 The ITAT dismissed the Assessee's appeal regarding the disallowance of 100% depreciation on software purchase, upholding that software is a capital expenditure eligible for depreciation at 30%. The ITAT allowed the Revenue's appeal on the deletion of deferred revenue expenditure written off, stating that such expenditure cannot be claimed as revenue expenditure. Regarding the disallowance under section 40(a)(ia) for advance payment for software purchase without TDS compliance, the ITAT partly allowed the Revenue's appeal, ruling that TDS was not applicable in this case. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330685 The ITAT dismissed the Assessee's appeal regarding the disallowance of 100% depreciation on software purchase, upholding that software is a capital expenditure eligible for depreciation at 30%. The ITAT allowed the Revenue's appeal on the deletion of deferred revenue expenditure written off, stating that such expenditure cannot be claimed as revenue expenditure. Regarding the disallowance under section 40(a)(ia) for advance payment for software purchase without TDS compliance, the ITAT partly allowed the Revenue's appeal, ruling that TDS was not applicable in this case. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330685