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Showing contexts for: computer includes computer software in Deputy Commissioner Of Income Tax ... vs Khyati Chemicals Private Limited, ... on 16 January, 2026Matching Fragments
3.2. Regarding disallowance u/s. 37(1) on Computer Software expenses, Ld. CIT(A) partly allowed the claim of depreciation by observing as follows:
"6.5.3 I have gone through the submission made by the appellant, assessment order and all materials available on records. I am in view of that the A.O. was justified for making disallowance on account of this expenditure. The decision of the Hon'ble Supreme Court in the case of TCS supports the view that software contained in a disk is tangible property by itself. As per Income Tax Rules vide Finance Act, 2004 whereby definition of the assets under head "Computer" have been amended and now it stated as "Computer including "computer software". Therefore, appellant can claim depreciation on software license @ 60%. I am satisfied with the I.T.A No. 1856/Ahd/2025 & C.O.86/Ahd/25 A.Y. 2018-19 5 DCIT Vs. Khyati Chemicals Pvt. Ltd.