https://www.taxtmi.com/caselaws?id=417267 The Tribunal upheld the CIT(A)'s decisions, allowing 60% depreciation on the software license as part of the computer, not as an intangible asset. Additionally, expenses for plant expansion were treated as revenue deductions, not preliminary expenses under section 35D, emphasizing consistency in tax assessments. The Revenue's appeal was dismissed, affirming compliance with the Income Tax Act provisions. en-us Tue, 30 Nov 2021 00:00:00 +0530 Wed, 19 Jan 2022 08:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417267 The Tribunal upheld the CIT(A)'s decisions, allowing 60% depreciation on the software license as part of the computer, not as an intangible asset. Additionally, expenses for plant expansion were treated as revenue deductions, not preliminary expenses under section 35D, emphasizing consistency in tax assessments. The Revenue's appeal was dismissed, affirming compliance with the Income Tax Act provisions. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417267