This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Madras HC Quashed Reassessment for Limitation Breach Despite Software Depreciation Dispute
Case Law Details
- Case Name
- CIT Vs Cognizant Technology Solutions India Pvt Ltd (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002-003
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
CIT Vs Cognizant Technology Solutions India Pvt Ltd (Madras High Court)
The Madras High Court dismissed the Revenue’s appeal challenging the Income Tax Appellate Tribunal’s order which had quashed the reassessment proceedings against the assessee for AY 2002–03 and upheld the claim of depreciation on computer software at 60%. The Revenue raised two substantial questions of law: first, whether the reopening of assessment under Section 147 was valid; and second, whether depreciation on computer software could be allowed at 60% when the specific amendment prescribing that rate was stated to...
Author Info
