https://www.taxtmi.com/caselaws?id=392397 The High Court admitted the appeal on the issue of depreciation disallowance for acquiring the software license but dismissed the appeal concerning the disallowance of interest expense. The Court upheld that interest paid for acquiring capital assets is allowable under the Income Tax Act, even if the assets were not put to use in the relevant financial year, in line with the decision in Care Healthcare Ltd. en-us Mon, 03 Feb 2020 00:00:00 +0530 Wed, 19 Feb 2020 16:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392397 The High Court admitted the appeal on the issue of depreciation disallowance for acquiring the software license but dismissed the appeal concerning the disallowance of interest expense. The Court upheld that interest paid for acquiring capital assets is allowable under the Income Tax Act, even if the assets were not put to use in the relevant financial year, in line with the decision in Care Healthcare Ltd. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392397