https://www.taxtmi.com/caselaws?id=434075 The Tribunal upheld the CIT(A)'s decision, allowing 60% depreciation on computer software purchased by the assessee. The distinction between system and application software was deemed irrelevant, with the software qualifying for higher depreciation if meeting the criteria in the Income Tax Rules. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the increased depreciation rate. en-us Wed, 25 Jan 2023 00:00:00 +0530 Thu, 16 Feb 2023 10:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434075 The Tribunal upheld the CIT(A)'s decision, allowing 60% depreciation on computer software purchased by the assessee. The distinction between system and application software was deemed irrelevant, with the software qualifying for higher depreciation if meeting the criteria in the Income Tax Rules. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the increased depreciation rate. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434075