TMI Blog2019 (6) TMI 755X X X X Extracts X X X X X X X X Extracts X X X X ..... ond question Depreciation u/s. 32(1) on addition of software - HELD THAT:- APPEAL is ADMITTED so far as first question is concerned - Whether the Appellate Tribunal has erred in law and on facts in upholding the decision of the CIT(A) on Dis-allowance of Depreciation u/s. 32(1) on addition of software? - R/TAX APPEAL NO. 1 of 2019 - - - Dated:- 10-6-2019 - MR J. B. PARDIWALA AND MR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in upholding the decision of CIT(A) on Disallowance of Foreign Exchange Fluctuations Gain of ₹ 1,88,73,120/-? 3.00. It is pertinent to note that in past in case of the very assessee, both the aforesaid questions had arisen and the appellant Department preferred Tax Appeal No.1319 of 2018 and this Hon'ble Court admitted the said Appeal qua first question with respect to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Depreciation u/s. 32(1) on addition of software of ₹ 54,42,321/-? 5.00. So far as the second question which relates to Disallowance of Foreign Exchange Fluctuations Gain of ₹ 1,88,73,120/- is concerned, there is no substance in the second proposed question as the same is squarely covered by the decision in the case of Priyanka Gems (supra). Present appeal stands ..... X X X X Extracts X X X X X X X X Extracts X X X X
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