2020 (10) TMI 145

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....anarayana For the Appellant : Mr.T.Ravikumar JUDGMENT T. S. SIVAGNANAM, J. We have heard Mr.T.Ravikumar, learned Senior Standing Counsel appearing for the appellant - Revenue. 2. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 03.09.2018 made in ITA.No. 1025/chny/2018 on the file of the Income Tax Appellate Tribunal, Madras ....

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....unal is proper especially when the consideration of 11,00,000/- US dollars has been paid for license agreement with AE Bailey International Corporation USA in respect of the impugned assets shown is a intangible assets which is not covered under the heading computer software eligible for 60% depreciation? 4. The learned Senior Standing Counsel for the appellant submits that the above appeal is no....