If revenue is accepted based on depreciation plus markup, corresponding cost cannot be disallowed

Arcserve India Software Solution Pvt Ltd Vs ACIT (ITAT Delhi)

When the Revenue is accepting the revenue earned which is totally based upon depreciation plus 15% markup, there is no reason to deny depreciation Cost

The case of Arcserve India Software Solution Pvt Ltd vs. ACIT revolves around the disallowance of depreciation claimed by the assessee for the assessment year 2015-16. Despite initial objections raised by the Assessing Officer (AO) and the Commi

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