https://www.taxtmi.com/caselaws?id=345062 The Tribunal upheld most decisions favoring the assessee, except for disallowance of additional depreciation, consistently denied based on prior rulings. Valid agreements and High Court orders were emphasized for royalty payments, treating software expenses as revenue. Assessment reopening was remitted for adjudication, penalty deletion upheld citing legal precedents. en-us Wed, 16 Nov 2016 00:00:00 +0530 Mon, 03 Jul 2017 20:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345062 The Tribunal upheld most decisions favoring the assessee, except for disallowance of additional depreciation, consistently denied based on prior rulings. Valid agreements and High Court orders were emphasized for royalty payments, treating software expenses as revenue. Assessment reopening was remitted for adjudication, penalty deletion upheld citing legal precedents. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345062