https://www.taxtmi.com/caselaws?id=362980 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee in a case concerning the eligibility of accelerated depreciation on computer software purchases and foreign exchange fluctuation gains for exemption under s.10A of the Act. The Tribunal dismissed the Revenue's appeal, concluding that accelerated depreciation on software purchases and foreign exchange gains were allowable, affirming that they were integral to the business operations and export profits, respectively. en-us Mon, 02 Jul 2018 00:00:00 +0530 Thu, 05 Jul 2018 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362980 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee in a case concerning the eligibility of accelerated depreciation on computer software purchases and foreign exchange fluctuation gains for exemption under s.10A of the Act. The Tribunal dismissed the Revenue's appeal, concluding that accelerated depreciation on software purchases and foreign exchange gains were allowable, affirming that they were integral to the business operations and export profits, respectively. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362980