https://www.taxtmi.com/caselaws?id=363437 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on both issues. It confirmed the allowance of 60% depreciation on SAP software, considering it as an integrated business system, and approved the deduction under section 10AA for exchange fluctuation gains, deeming them integral to business profits from exports. The Tribunal emphasized consistency with prior decisions and rejected the Revenue's appeal, affirming the assessee's entitlement to the claimed benefits. 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 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on both issues. It confirmed the allowance of 60% depreciation on SAP software, considering it as an integrated business system, and approved the deduction under section 10AA for exchange fluctuation gains, deeming them integral to business profits from exports. The Tribunal emphasized consistency with prior decisions and rejected the Revenue's appeal, affirming the assessee's entitlement to the claimed benefits. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363437