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Software eligible same rate of Depreciation as Computer System
Case Law Details
- Case Name
- ACIT Vs Caterpillar India Pvt. Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Chennai
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ACIT Vs Caterpillar India Pvt. Ltd. (ITAT Chennai)
Introduction: The Income Tax Appellate Tribunal (ITAT) in Chennai recently delivered an important verdict in the case of ACIT vs. Caterpillar India Pvt. Ltd. The case involved two significant issues: disallowance under section 40(a)(i) for lack of tax deduction at source on certain foreign payments and the rate of depreciation for computer software. This article provides a detailed analysis of the case and the ITAT’s decision.
Detailed Analysis:
In the case of ACIT vs. Caterpillar India Pvt. Ltd., two key issues were under consideration:...
