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S. 32 Depreciation allowable on software developed & installed by assessee
Case Law Details
- Case Name
- Commissioner of Income Tax- IV Vs Shree Rama Multi Tech Ltd. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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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?
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