Tribunal held that expenditure incurred towards software was to be treated as capital in nature however the AO was directed to grant the depreciation. Reimbursement of property tax, matter remanded to the AO. (AY. 2013-14)
Star India (P.) Ltd. v. ACIT (2020) 185 ITD 559/81 ITR 8 (SN) (Mum.)(Trib.)
S. 37(1) : Business expenditure-Capital or revenue-Expenditure incurred towards software was to be treated as capital in nature, however depreciation was directed to be allowed-Reimbursement of property tax-Matter remanded. [S. 32]