https://www.taxtmi.com/caselaws?id=382731 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to allow 60% depreciation on special software. The Tribunal also set aside the CIT(A)'s order disallowing rent equalization reserve and directed the Assessing Officer to allow the deduction. Additionally, the Tribunal upheld the CIT(A)'s decision to allow interest expenditure under Section 36(1)(iii), rejecting the Revenue's arguments. As a result, the assessee's appeal was allowed, and the Revenue's appeals for AY 2010-11, 2011-12, and 2012-13 were dismissed. en-us Tue, 28 May 2019 00:00:00 +0530 Tue, 09 Jul 2019 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382731 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to allow 60% depreciation on special software. The Tribunal also set aside the CIT(A)'s order disallowing rent equalization reserve and directed the Assessing Officer to allow the deduction. Additionally, the Tribunal upheld the CIT(A)'s decision to allow interest expenditure under Section 36(1)(iii), rejecting the Revenue's arguments. As a result, the assessee's appeal was allowed, and the Revenue's appeals for AY 2010-11, 2011-12, and 2012-13 were dismissed. Case-Laws Income Tax Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382731