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1 - 9 of 9 (0.25 seconds)Amway India Enterprises vs The Deputy Commissioner Of Income-Tax on 15 February, 2008
11. The ld.DR submission that the decision in the case of Amway
India Enterprises (supra) is not applicable to the facts of this case
because this decision was rendered for assessment year 1998-99 and
thereafter the Income-tax Act has been amended providing for
depreciation @ 60% on computer software with effect from
assessment year 2003-04 without going into the question whether the
expenditure should be treated as revenue or capital in nature.
The Coinage Act, 2011
Section 10B in The Income Tax Act, 1961 [Entire Act]
Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 148 in The Income Tax Act, 1961 [Entire Act]
The Commissioner Of Income Tax vs M/S.Sak Soft Ltd on 13 June, 2007
4. Aggrieved by the order of the Assessing Officer, the assessee
preferred first appeal before the ld. CIT(A). The ld. CIT(A) decided
point No.(i) and (ii) mentioned above in favour of the assessee by
following the decision of the ITAT Chennai Special Bench in the case of
ITO vs Sak Soft Ltd, 313 (AT) 353, in which it has been held that
expenses excluded from export turnover should also be excluded from
total turnover.
The Income Tax Act, 1961
New India Construction Co. (P.) Ltd. vs Assistant Commissioner Of Income-Tax on 22 April, 1991
For that
purpose, reliance has been placed on the decision of the Hon'ble
Rajasthan High Court in the case of Aravalli Construction Company Ltd
vs CIT, 259 ITR 30, wherein it has been held that the expenditure of
software will constitute capital expenditure only and that even if they
are standardized and not specifically custom made will not alter the
situation.
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