https://www.taxtmi.com/caselaws?id=366670 The Tribunal ruled in favor of the assessee, allowing the appeal related to the disallowance of depreciation claimed on design software for hydraulic cylinders and excavator equipment. The Department's appeal, with a tax effect below Rs. 20,00,000, was dismissed as unsustainable per CBDT Circular No.3/2018. The Tribunal directed the Assessing Officer to permit depreciation at 60% for the design software purchased, treating it as computer software based on previous Tribunal decisions. The judgment was delivered on September 3, 2018, in Chennai. en-us Mon, 03 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366670 The Tribunal ruled in favor of the assessee, allowing the appeal related to the disallowance of depreciation claimed on design software for hydraulic cylinders and excavator equipment. The Department's appeal, with a tax effect below Rs. 20,00,000, was dismissed as unsustainable per CBDT Circular No.3/2018. The Tribunal directed the Assessing Officer to permit depreciation at 60% for the design software purchased, treating it as computer software based on previous Tribunal decisions. The judgment was delivered on September 3, 2018, in Chennai. Case-Laws Income Tax Mon, 03 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366670