S. 32 Depreciation allowable on software developed & installed by assessee

HIGH COURT OF GUJARAT Commissioner of Income-tax-IV versus Shree Rama Multi Tech Ltd. TAX APPEAL NO. 507 of 2012 Date of Pronouncement – 28.01.2013 ORDER Akil Kureshi, J. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal (‘the Tribunal’ for short) dated 06.01.2012 raising following questions of law for our consideration: “1. Whether the Tribunal is right in rejecting the revenue’s appeal filed against the decision of the CIT(A) in deleting the dis allowance of claim of depreciation on tangible assets, being software? ...