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The learned AO further erred in not granting relief as per the Hon'ble DRP directions to the Appellant i.e., allowing depreciation on printers and scanners at 60%,

25. Ground on Disallowance of depreciation on licensed software Rs.23,97,707 The learned AO and the Hon'ble DRP have erred in adding back a sum of Rs.23,97,707 as excess depreciation claimed under section 32 of the Act. > The learned AO and the Hon'ble DRP have erred in limiting the allowance for depreciation on purchase of licensed software to 25% of the cost as against the depreciation rate of 60%, permitted as per the Rules. > The learned AO and the Hon'ble DRP ought to have appreciated the fact that as per section 32 of the Act read with New Appendix 1, the rate of depreciation for computer including computer software is 60%, 'Notwithstanding and without prejudice to the above, the learned AO and the Hon'ble DRP ought to have appreciated that if depreciation is allowed @25% on computer software then the excess depreciation to be disallowed would be Rs. 18,33,078 as against Rs.23,97,707 disallowed in the draft assessment order.