ITAT Delhi Rules on Depreciation, software expenditure, R&D, 80JJAA

DCIT, Circle-1, LTU Vs International Tractor Ltd. (ITAT Delhi)

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) delivered a consolidated order in a batch of cross appeals filed by the Revenue and International Tractors Ltd. concerning assessment years 2010-11 to 2013-14. The matters involved depreciation claims, treatment of software expenditure, deduction under section 80JJAA, research and development (R&D) expenditure, provision for warranty, prior period expenses, disallowance under section 14A, and penalty proceedings.

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