Held that the assessee had incurred expenditure for purchasing software for a ticket booking system, which gave it enduring benefit and was of a capital nature. In the depreciation schedule under the statute, computer software was treated as an asset eligible to depreciation at the rate of 60 per cent. Order of CIT(A) is affirmed. (AY. 2006-07 to 2010-11)
Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)
S. 37(1): Business expenditure-Capital or revenue-Depreciation-Computer software-Ticketing system for Airlines-Enduring nature-Capital expenditure-Entitled to depreciation at 60 Per Cent. [S. 32]