https://www.taxtmi.com/caselaws?id=287990 The appeal was allowed in part, with the disallowance of depreciation at 60% for digital content being overturned in favor of the assessee. The court accepted that digital content qualifies as a tangible fixed asset eligible for higher depreciation. However, the disallowance of deduction under section 10B was upheld as the tax holiday period had expired. The rectification of the assessment order under section 154 was remitted back to the Assessing Officer for proper consideration of deductions allowed under section 35DDA for specific assessment years. en-us Fri, 09 Sep 2011 00:00:00 +0530 Wed, 13 May 2020 14:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287990 The appeal was allowed in part, with the disallowance of depreciation at 60% for digital content being overturned in favor of the assessee. The court accepted that digital content qualifies as a tangible fixed asset eligible for higher depreciation. However, the disallowance of deduction under section 10B was upheld as the tax holiday period had expired. The rectification of the assessment order under section 154 was remitted back to the Assessing Officer for proper consideration of deductions allowed under section 35DDA for specific assessment years. Case-Laws Income Tax Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287990