https://www.taxtmi.com/caselaws?id=794068 Computer software acquired by an assessee was held to fall within the specific depreciation entry for computer software, so depreciation at 60% applied rather than treatment as an intangible asset at 25%. The section 14A read with Rule 8D disallowance was restricted to the assessee's suo motu disallowance because no dividend income was earned and the exempt income was limited; the higher computation was not sustained. A disallowance under section 14A read with Rule 8D was also held not to automatically increase book profit under section 115JB, so the MAT adjustment was deleted. Interest was left to be recalculated consequentially. en-us Wed, 24 Jun 2026 00:00:00 +0530 Mon, 29 Jun 2026 09:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794068 Computer software acquired by an assessee was held to fall within the specific depreciation entry for computer software, so depreciation at 60% applied rather than treatment as an intangible asset at 25%. The section 14A read with Rule 8D disallowance was restricted to the assessee's suo motu disallowance because no dividend income was earned and the exempt income was limited; the higher computation was not sustained. A disallowance under section 14A read with Rule 8D was also held not to automatically increase book profit under section 115JB, so the MAT adjustment was deleted. Interest was left to be recalculated consequentially. Case-Laws Income Tax Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794068