prescribed. Further, as per depreciation table, computers including
computers software, depreciation @60% is allowed under ... Cables, CD Writers etc. besides computer and
software, that was not admissible as other items as computer
peripherals/accessories. The items
software. The AO observed that in the depreciation table,
computer software had been listed as a depreciable asset on which depreciation ... claim of depreciation in relation to
software expenses disallowed earlier. The assessee had raised a ground before
CIT(A) that in case software expenses were
erred in directing the AO to grant depreciation @ 60% on
computer software as against 25% granted by the AO ignoring the fact
that ... direct the AO to allow depreciation on computer software @25%.
32. In the result, Revenue's appeal
perusal of
depreciation schedule noted that the assessee-company claimed
depreciation at 60% on computers and software purchases made
claiming the same ... Appendix I, which states that computers including computer
software are entitled to depreciation at 60%. Note 7 of the Appendix
defines
perusal of
depreciation schedule noted that the assessee-company claimed
depreciation at 60% on computers and software purchases made
claiming the same ... Appendix I, which states that computers including computer
software are entitled to depreciation at 60%. Note 7 of the Appendix
defines
erred in applying the
rate of depreciation on computer software of 25% instead of 60% and
thereby, disallowing the depreciation ... directed to allow the entire
claim of depreciation on computer software and the addition made by
the Ld. AO be deleted.
15. Without
erred in allowing depreciation on computer software of
M/s Fedex Express 4
ITA Nos 6664 & 6750/Mum/2016 ... applicable TDS, on the amount
paid for computer software, the depreciation claimed of Rs.44,17,743/-
made
India) Pvt. Ltd.
software' has been defined as under:
"7. "Computer software" means any computer program recorded ... Computer software is necessarily required to be
used for the running and operation of computer and without software the
computer
that license fees paid for the use of computer software is
eligible for depreciation @ 25% under Part B of Appendix-1
without appreciating ... license fees for the use of computer software
is eligible for depreciation at 60%.
3. For A.Y. 2007-08 following ground
Depreciation on commercial Vehicles @50%
(ii) loss on sale of repossessed assets
(iii) Depreciation on software development
(iv) Depreciation on computer software ... disallowance of depreciation made by the AO. The
admissibility of depreciation @60% for computers including
computer software has been clearly mentioned
