https://www.taxtmi.com/caselaws?id=769699 ITAT Bangalore allowed assessee's appeal on multiple grounds. Court held that embedded software development constitutes production of an article, making computers used eligible for additional depreciation under Section 32(1)(iia). Investment allowance under Section 32AC was partly allowed, with matter remanded to AO to verify computers used specifically for software development versus administrative purposes. Disallowance under Section 14A was deleted as AO showed no dissatisfaction with assessee's suo-moto disallowance. Foreign state tax paid in USA was allowed as deduction following precedent. MAT credit issue was remanded to AO for fresh adjudication as it wasn't considered by lower authorities. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Apr 2025 08:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769699 ITAT Bangalore allowed assessee's appeal on multiple grounds. Court held that embedded software development constitutes production of an article, making computers used eligible for additional depreciation under Section 32(1)(iia). Investment allowance under Section 32AC was partly allowed, with matter remanded to AO to verify computers used specifically for software development versus administrative purposes. Disallowance under Section 14A was deleted as AO showed no dissatisfaction with assessee's suo-moto disallowance. Foreign state tax paid in USA was allowed as deduction following precedent. MAT credit issue was remanded to AO for fresh adjudication as it wasn't considered by lower authorities. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769699