Depreciation on Software calculated at Rate of 25% Instead of 60%: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]

By Yogitha S. Yogesh - On November 3, 2023 8:30 pm - 2 mins read

Depreciation on Software - Delhi HC - Deletion of Disallowance - Income Tax Act - TAXSCAN

The Delhi High Court upheld the Income Tax Appellate Tribunal (ITAT) order which deleted the disallowance of expense under Income Tax Act made by the Assessing Officer (AO). The Depreciation on Software is calculated at a rate of 25% Instead of 60%. The appellant/revenue seeks to assail the order dated 30.03.2021 passed by the Income…

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Topics

Assessing Officer Commissioner of Income Tax (Appeals)Depreciation Disallowance Income Tax Appellant Tribunal Justice Rajiv Shakdher Rule 8D of the Income Tax Act