requires that where a company owns purchased
software as well as self-created software, such self-created software
must be shown separately. In the present ... computer software' and the same has been separately
disclosed in the Fixed Assets schedule along with the
depreciation/amortization rate and also
Amd India Private Limited, Bengaluru vs Acit, Circle-1(1)(1), Bangalore on 26 June
Appendix-I of the Income-tax Rules, 1962- Computer
including Computer Software . The assessee carried the matter in appeal
before ... capital assets and allowed depreciation on rates as prescribed for
Computer including Computer Software as prescribed in Appendix
from block of assets for the purpose of
depreciation and reduced the depreciation claim accordingly. The
Assessing Officer accepted the above working during the course ... opening WDV of Computer
& Software Data Processing Equipments at Rs. 15,31,25, 790/-,
assessee has claimed high depreciation. The figure
erred in allowing the entire depreciation of
Rs.8,45,903/- on data-processing machines in the computation of
income ... software for controlling the
functions of its entire organization comprising DTA unit and tax-free
EOU unit and hence depreciation on all the assets used
business of design, manufacture and export of
computer software. The assessee while computing its business income,
claimed deduction ... ITAT held that computer software was tangible
asset eligible for depreciation @ 60%.
In the result, the Automation software expenses
Kavesar Unit having already entered the block of assets of the
assessee, depreciation thereon could not be disallowed on the ground of non-
user ... assessee on account of purchase of computer software treating it
as capital assets and thereby allowed depreciation @ 30% (half year)
amounting
erred in not allowing the claim for depreciation on
the 'Computer Software' which was treated as capital in nature by
learned ... consideration from assessee's appeal
is non-allowance of depreciation on software expenditure considered as capital
expenditure for Assessment Year 2007-08. The learned
opinion,
since computer accessories in the aforesaid decisions have been held to
be part of computer, therefore they are also entitled ... Rules, only the computers and
computer software are eligible for depreciation of 60% and
the same cannot be extended to computer
software used in the ATM is also the
same software which is used in the computer. We also find that similar issue ... office equipment would be eligible for depreciation only at
15%. Similarly, he disallowed the claim for depreciation on software
licence on the ground that
