ITAT allows Section 80JJAA Deduction & Additional Depreciation on Software Equipment

Robert Bosch Engineering and Business Solutions Pvt. Ltd. Vs DCIT (ITAT Bangalore) Conclusion: An employee should be employed for 300 days or more during the previous year should be applied cumulatively across the year of hiring and the following year, rather than restricting it to the first year. The overall increase in employment exceeded 10% when using the correct interpretation and assessee was eligible for the deduction under Section 80JJAA. Further, computers used for software development were essential to the production process and should be classified as plant and machinery for depreci...