https://www.taxtmi.com/caselaws?id=363437 SAP software purchased separately was treated as part of an integrated computer system, so it qualified for depreciation at the higher rate applicable to computer software rather than being restricted to treatment as an intangible asset. Foreign exchange fluctuation gain arising from export realisation was also treated as part of the profits of the eligible undertaking, because it was linked to the export transaction and no separate exclusion applied under section 10AA. On that basis, the assessee's claims for higher depreciation and inclusion of exchange gain in the deduction base were accepted, and the Revenue's objections were rejected. en-us Mon, 09 Jul 2018 00:00:00 +0530 Wed, 11 Jul 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363437 SAP software purchased separately was treated as part of an integrated computer system, so it qualified for depreciation at the higher rate applicable to computer software rather than being restricted to treatment as an intangible asset. Foreign exchange fluctuation gain arising from export realisation was also treated as part of the profits of the eligible undertaking, because it was linked to the export transaction and no separate exclusion applied under section 10AA. On that basis, the assessee's claims for higher depreciation and inclusion of exchange gain in the deduction base were accepted, and the Revenue's objections were rejected. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363437