https://www.taxtmi.com/caselaws?id=310796 The ITAT ruled on cross appeals by the Assessee and the Revenue concerning an assessment order under the Income Tax Act for AY 2001-02. The Assessee's appeal succeeded in claiming depreciation on a stock exchange card and bad debts, while the issue of software expenses was remanded for reassessment. The ITAT upheld the treatment of office repairs as partly capital and partly revenue expenditure. The Revenue's appeal on software expenses was also remanded, and its appeal on repairs and PF contributions was dismissed. Both appeals were partly allowed for statistical purposes. en-us Thu, 31 Mar 2011 00:00:00 +0530 Fri, 17 Nov 2023 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310796 The ITAT ruled on cross appeals by the Assessee and the Revenue concerning an assessment order under the Income Tax Act for AY 2001-02. The Assessee's appeal succeeded in claiming depreciation on a stock exchange card and bad debts, while the issue of software expenses was remanded for reassessment. The ITAT upheld the treatment of office repairs as partly capital and partly revenue expenditure. The Revenue's appeal on software expenses was also remanded, and its appeal on repairs and PF contributions was dismissed. Both appeals were partly allowed for statistical purposes. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310796