https://www.taxtmi.com/caselaws?id=396636 The Tribunal allowed the appeal, directing the AO to permit the depreciation claim on Content Management Software (CMS) owned and used by the assessee. The alternate claim for treating the expenditure as revenue under section 37(1) was not addressed as the depreciation claim was allowed. The decision in favor of the assessee was pronounced on 08.07.2020. en-us Wed, 08 Jul 2020 00:00:00 +0530 Tue, 14 Jul 2020 12:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396636 The Tribunal allowed the appeal, directing the AO to permit the depreciation claim on Content Management Software (CMS) owned and used by the assessee. The alternate claim for treating the expenditure as revenue under section 37(1) was not addressed as the depreciation claim was allowed. The decision in favor of the assessee was pronounced on 08.07.2020. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396636