2020 (10) TMI 145

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..... l of materials and other components in CD as computer software - As submitted Monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore - HELD THAT:- The above tax case appeal is dismissed on account of the low tax effect. The substantial question of law framed is left open. In the event the tax effect is above the threshold limit fixed in the said .....

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..... ng substantial questions of law: 1.Whether on the facts and in the circumstances of the case the Tribunal was right in allowing depreciation at 60% in respect of design and assembly drawings of hydraulics cylinders, Bill of materials and other components in CD as computer software and allowing higher depreciation at 60% especially when the assets was not a software program with design, pre em .....

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..... ed 08.8.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. 5. In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. .....

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