WDV has to be Calculated When Assessee receives Income from Software Services related to Health Care, CIT(A) failed to quantify rate of Depreciation and WDV of Asset: ITAT

By Yogitha S. Yogesh - On December 13, 2022 6:30 pm - 3 mins read
WDV - assessee - receives - income - from - software - services - health - care - CIT(A) - WDV - of - asset - ITAT - TAXSCAN

The Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that Written Down Value(WDV) has to be calculated when the assessee receives income from software services related to health care. Therevenue challenged the common order dated 12.01.2017 of the Commissioner of Income Tax (Appeals)-3, Hyderabad relating to AYs 2003-04 & 2004-05 respectively.  the assessee…

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