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2013 (7) TMI 698 - HC - Income TaxDisallowance of depreciation - Intangible asset - Tribunal deleted disallowance - Held that:- assessee had developed a software which had a special application. In fact, such software was also registered as trademark. Assessing Officer's objection that, on mere development of a new software depreciation as an intangible asset cannot be granted therefore would not survive - in the reopened proceeding, full facts were before the Assessing Officer - Decided against Revenue.
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