Bosch Global Software Technologies (P) Ltd. v. ACIT (2025) 235 TTJ 807 / 174 taxmann.com 76 (Bang) Trib)

S. 32AC: Investment in new plant or machinery-Computers used in the business of development of computer software-Eligible for investment allowance-Remanded for verification.

 

Held that the Computers installed by the assessee for the purpose of development of software are eligible for investment allowance under the provisions of s. 32AC.  The issue is set aside for the AO to allow the claim of the assessee only if the new computers were installed for the purpose of the business of the development of computer software, and not as office appliances. (AY.2016-17)

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