ITAT Allows 60% Depreciation on Software Forming Integrated Part of Computer

Advertisement Plintron Mobility Solutions Pvt. Ltd. Vs ITO (ITAT Chennai) Software Payment Not Royalty as Assessee Purchased Copyrighted Article;  ITAT Deletes Section 40(a)(i) Disallowance Because Software Purchase Was Not Royalty; Higher Depreciation on Software Allowed as ITAT Rejects Treatment as Intangible Asset; ITAT Grants Relief on Software Depreciation and TDS Because Purchase Was of Copyrighted Article. The assessee filed an appeal against the order of the Commissioner of Income Tax (Appeals)-3, Chennai, for Assessment Year 2014-15. The Tribunal first considered a delay of 12 day...