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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance of Expenditure on Software for Own Use - AO had not ...


AO Disallows Software Expense Claim, Allows 25% Depreciation Without Assessing Usage and Utility of Software.

November 4, 2013

Case Laws     Income Tax     AT

Disallowance of Expenditure on Software for Own Use - AO had not recorded any finding, qua the usage and utility of the software in question and he had simply held that the assessee can claim depreciation @ 25% - AT

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