https://www.taxtmi.com/caselaws?id=311516 ITAT Bangalore allowed assessee's appeal on multiple grounds. The tribunal upheld 60% depreciation on telecom/computer equipment, ruling such equipment falls under computer systems definition. Section 10A deduction was permitted as assessee satisfied export of computer software and foreign exchange repatriation requirements. Section 80JJAA deduction was allowed since assessee's IT-enabled services qualified as industrial undertaking with eligible workmen payments. However, Section 35D deduction matter regarding stamp duty expenditure was remanded to AO for verification of whether expenditure increased share capital, determining its treatment as capital or revenue expenditure. en-us Fri, 13 Nov 2015 00:00:00 +0530 Sat, 30 Dec 2023 08:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311516 ITAT Bangalore allowed assessee's appeal on multiple grounds. The tribunal upheld 60% depreciation on telecom/computer equipment, ruling such equipment falls under computer systems definition. Section 10A deduction was permitted as assessee satisfied export of computer software and foreign exchange repatriation requirements. Section 80JJAA deduction was allowed since assessee's IT-enabled services qualified as industrial undertaking with eligible workmen payments. However, Section 35D deduction matter regarding stamp duty expenditure was remanded to AO for verification of whether expenditure increased share capital, determining its treatment as capital or revenue expenditure. Case-Laws Income Tax Fri, 13 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311516