learned AO has erred in disallowing the
depreciation claimed on purchase of computer
software by the Assessee amounting ... & software'. The assessee
claimed the depreciation at 60% on computer software. The AO
noticed that while making payment
Post Graduate Medical Courses and not dealing with appointment of Teachers and/or Professors through a selection conducted by the Public Service Commission. Another learned ... inviting applications for the post of Higher Secondary School Teacher in Computer Science/Computer Application (HSST in Computer Science
depreciation on computer peripherals/accessories ignoring that as per the
IT Rules 60% depreciation is allowable only on computer and computer ... software were entitled to depreciation @ 60%. He, therefore,
recomputed the depreciation and restricted the same to 25% on computer
accessories
Technical Teachers Training Institute, in November 2000, requesting them to re-designate his post as "Professor of Computer Centre". The petitioner ... Engineering Colleges and rendered special lectures for students as well as Teachers on Computer Science content as well as Teaching Methodologies during this
draft
assessment order so passed the Ld.AO:-
• disallowed depreciation on computer software at
Rs.7,46,162/- for non-deduction ... Regarding corporate tax issues raised, the DRP held that;
• disallowance of depreciation on software under section
40(a)(ia) of the Act, on account
treated the expenditure on acquiring the
computer software as expenditure of capital nature and
rightly allowed depreciation as per rules."
5.5 Reliance ... ITAT held that computer
software was tangible asset eligible for depreciation @ 60%.
In the result, the Automation software expenses
four counts. The first being on account of depreciation
claimed on computer software. In this respect, it is noted that the
returns furnished ... warehouse. The
AO has now alleged that the depreciation on computer software was to
be allowed only to the extent of 25% instead
percentage of prescribed depreciation and A.O noted that the assessee have shown
plant and machinery and computers and software under to separate ... deprecation at 15% and computers and
computer software at 60%. A.O held that additional depreciation is available to plant
income
arising from an international transaction shall be computed having
regard to the arm's length price. In this appeal ... disallowances in addition to the TP adjustments:-
(i) Disallowance of depreciation on computer peripherals
amounting to Rs. 3,19,328/-
(ii) Disallowance
assessment order besides the
disallowance under section 14A , disallowed depreciation on computer
software. The Assessing Officer allowed adjustments under the
application of section ... asset account". The book depreciation of Rs. 469.73
lakhs was added back for the purpose of computing the taxable income, and
neither
