Disallowance of depreciation on software purchased by assessee - ...

Depreciation on software disallowed as taxpayer failed to prove hardware capability and justify waiving compensation for destroyed software.

April 2, 2016

Case Laws Income Tax AT

Disallowance of depreciation on software purchased by assessee - assessee could not produce the details whether it has hardware strength of installing such software - It is also not established that what are the compelling reasons for the assessee to waive the compensation of the software destroyed which are not of small value - additions confirmed - AT

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Disallowance of depreciation on software purchased by assessee - ...

Depreciation on software disallowed as taxpayer failed to prove hardware capability and justify waiving compensation for destroyed software.

April 2, 2016

Case Laws Income Tax AT

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