depreciation on computer peripherals Rs. 71,89,908/-
iii) Disallowance of additional depreciation on computer Rs.34,54,795/-
and computer ... appeal relating to
allowability of additional depreciation on computer and computer software
5 ITA No. 6394 /Del/2013
Appeals) erred in
law and on facts in allowing depreciation @ 60% on computer
software purchased separately (SAP Software) against 25%
applicable to intangible ... export".
3. Ground no.1 concerns eligibility of depreciation on computer
software purchases separately by the assessee at an accelerated rate
provides the depreciation @60% on the computer
software and the term 'computer software' has a/so been
denied ... asset is
"computers including computer software'. The meaning of computer
software is also given in note
depreciation on computer
software
4. In the assessment, the assessing officer noticed that assessee has
shown computer software under the head ... said table referred to computer, including computer software
and the rate of depreciation prescribed in the said table against this entry
eligibility of claim of higher depreciation @ 60% eligible to computer or
computer softwares and opined that the aforesaid softwares ... depreciation on computer softwares is
allowable @ 25% being intangible assets and not @ 60% applicable to
computer softwares as claimed. We straightaway
including computer software 60%
(see Note 7 below Table) ".
Note 7 states that the computer software means any computer ... part of computers and since there
is no specific item of computer software in the depreciation
schedule for the impugned
computer software' (60% depreciation), that
depreciation is to be allowed over general category 'intangible
assets' (25% depreciation). It has further ... Depreciation Table in IT
Rules, Computers including Computer software is entitled to
depreciation at 60%. In this view of the matter
Authorised
-3-
Representative. As there is a separate depreciation rate
for computer softwares in I.T.Rules, the claim of the
appellant ... cent
-4-
depreciation on computer software that even the
legislature considers the life of computer software as
about two years
Assessing Officer
made various disallowances including the disallowance of depreciation
on computer software ` 3,90,000/-, unexplained cash credit ... Year 2003-04. With regard to the claim of
depreciation on computer software the learned CIT(A) in the impugned
order has observed
assessee
observed that the rate of depreciation of computer including
computer software is 60% but the rate of depreciation on intangible ... software is used alongwith computer
notwithstanding that such software may be acquired/purchased
independent of the computer, such hardware or software
