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Syscom Corporation Private Limited, ... vs Pr.Cit-3, Mumbai on 10 January, 2020 IN THE

Intech Billing Ireland, Mumbai vs Ddit (It) Rg 3(1), Mumbai on 8 January, 2018

Expenditure on software imports: 21. The learned AO erred in disallowing depreciation of Rs. 57,38,83,507/- on imported software products used in-house ... depreciation in computing the total income. 23. The learned authorities below erred in proceeding on the basis that payment for imported software

Owned Computer Hardware, System Software, furniture, fixtures and fittings. 2. Leased Computer Hardware including system Software. 2.50 3. Computer ... Assets Depreciation Rate of Depreciation Rate of claimed by depreciation as per WDV of depreciation the assessee Mukund Ltd.(allowable) 1. Computer excluding

growth of the software industry. The exports made by STP Units have grown over the years. 17. The STP scheme allows software companies ... exports permissible. Use of computer imported for training permissible subject to certain conditions. Depreciation on computers at accelerated rates

Uni Design Jewellery Pvt Ltd, Mumbai vs Deputy Commissioner Of Income-Tax, ... on 28 February

computers including computer software. Note-7 states that computer software means any computer programme recorded ... Appendix I, which states that computers including computer software are entitled to depreciation at 60%. Note 7 of the Appendix defines

would be allowed on computers including computer software. The said definition to include computer software was introduced ... distinction between the computer software perse and the license, wherein the computer along with computer software is termed

computer software. The AO treated the servers as not part of the computers but treated it as Plant & Machinery. Depreciation ... Software' and are eligible for depreciation at the rate of 60%; Therefore depreciation on servers will be allowed at the rate applicable to computers

computer including computer software' indicating that the computer software which is eligible for depreciation ... says that computer included computer software. Note 7 of the Appendix, defines computer software as any computer