https://www.taxtmi.com/caselaws?id=381678 The High Court admitted the appeal challenging the disallowance of depreciation on software. The Court found merit in admitting the appeal and considered whether the Appellate Tribunal erred in upholding the disallowance. However, the appeal regarding the disallowance of Foreign Exchange Fluctuations Gain was dismissed as it was covered by a previous decision. The Court directed the appeal to be heard along with another case for final adjudication on the disallowance of depreciation on software under section 32(1) of the Income Tax Act, 1961. en-us Mon, 10 Jun 2019 00:00:00 +0530 Mon, 17 Jun 2019 07:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381678 The High Court admitted the appeal challenging the disallowance of depreciation on software. The Court found merit in admitting the appeal and considered whether the Appellate Tribunal erred in upholding the disallowance. However, the appeal regarding the disallowance of Foreign Exchange Fluctuations Gain was dismissed as it was covered by a previous decision. The Court directed the appeal to be heard along with another case for final adjudication on the disallowance of depreciation on software under section 32(1) of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381678