allowed as a
business expenses on account of depreciation on computer software.
Depreciation @60% is allowed against the similar addition ... income tax act,
software has been clubbed with computers for depreciation purposes and
therefore, software expenses are capital in nature. On the other
Income Tax Rules where under
computers, including computer software are entitled to depreciation at the rate of
60%. 'Computer ... table (III. Machinery and Plant (5)) prescribes depreciation @
60% for computers including computer software. Computer software has not been
Zenith Computers Ltd. Bombay (copy enclosed)] towards purchase of computer software, The said computer software is subject to accelerated ... software, for which assets no depreciation rate has been prescribed, depreciation has correctly been worked out as per the Depreciation Table under Appendix
appendix. The depredation appendix specifically includes computer
software as part of computers eligible for depreciation at 60% and the
same ... depreciation rate, such uniform rate of depreciation at 60% is
applicable to all type of 'computer software'.
6.4 We have gone
Appendix I, which states that computers including
computer software are entitled to depreciation at
60%. Note 7 of the Appendix defines ... Income Tax Rules, computer including computer software are eligible for
depreciation at the rate of 60% of the written down value
case of the prosecution that the
appellant was working as Computer Instructor in
Keonics Yuva.Com at Chikmagalur. When the deceased
- Nayana ... joined for computer training in the said
institution, at that time, the present accused was her
Computer Instructor. It is alleged
Date:16.12.2023
14:57:43
`
floated a tender for implementation of the Computer Education Project
("CEP-II") for various government/ government ... computer hardware, software, connected accessories,
setting up of computer laboratories in assigned schools, employing of
teaching staff/computer instructor
Appendix I, which states that
computers including computer software are entitled to
depreciation at 60%. Note 7 of the Appendix defines ... Appellant Tribunal has decided the issue
relating to depreciation on ‘computer software’ to 25 percent, as against the
rate of 60 percent claimed
previous year and claimed depreciation as under:-
S. Description of Amount % of Amount
No Assets Depreciation
1 Computers &Systems ... action of the AO in
disallowing depreciation on these software tools is upheld.
4.11 As regards Computers and Systems, here
where the Tribunal has allowed 60% depreciation on UPS as applicable to
computer software.
24. Mr. M.Swaminathan, learned Senior Standing Counsel ... identical issue and
held that UPS is part of computer and eligible for depreciation @ 60% and directed
the Assessing Officer to allow
