2025 (11) TMI 1167

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.... For the Revenue : Dr. Ranjit Kaur, Addl. CIT, Sr.DR ORDER PER RAJPAL YADAV, VP The assessee is in appeal before the Tribunal against the order of the ld. Commissioner of Income Tax (Appeals) [in short 'the CIT (A)'] dated 05.03.2025 passed for assessment year 2017-18. 2. The assessee has taken three grounds of appeal out of which ground Nos. 1 and 3 are general grounds which do not....

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....reciation on this @ 25%. The AO was of the view that since benefit of this software in this year is to be taken for less than 180 days, hence, depreciation is to be calculated at 12.5%, which is 50% of 25% granted on this asset. We find that assumptions of the AO are misplaced. The software have very short life and they require continuous upgradation. It will not grant any enduring benefit to the ....