following the judicial precedents.
9. Restriction of depreciation on computer software from 60 per cent to
25 per cent
9.1. The learned ACIT ... restricting depreciation claim to a lower rate of 25% as against the Appellant's
claim for depreciation on computer software
Income Tax Rules where under
computers, including computer software are entitled to depreciation at the rate of
60%. 'Computer ... table (III. Machinery and Plant (5)) prescribes depreciation @
60% for computers including computer software. Computer software has not been
M/S Mindtree Ltd vs The Asst Commissioner Of Income Tax on 25 August, 2020
Syscom Corporation Private Limited, ... vs Pr.Cit-3, Mumbai on 10 January, 2020
IN THE
Paradigm Geophysical Pty Ltd. vs Commissioner Of Income Tax ... on 13 March, 2020
Equivalent citations
depreciation on this amount.
Tata Consultancy Services Ltd. 19
ITA No. 3262/Mum/2017
In the context of payments made on software for resale, having ... provisions of
respective DTAA, (ii) even under MAT computation, the assessee should be
allowed full credit of taxes paid overseas in respect
following the erroneous direction of the DRP in recalculating depreciation
on computer software @ 25% instead of @ 60% as claimed by the
Appellant ... software expenses on up gradation of its existing software
namely MFGPRO, MS-office, etc and claimed depreciation @ 60%
as applicable to computer software
computers are office
equipment and separate rate of depreciation is allowed under the
depreciation schedule. Accordingly he took the view that the
computers ... business of computer
software, which is different from article or thing. The words
"computer software" have been used
computers including
computer software. "Computer software" is defined in the ''Rule as "any
computer ... computers including
computer software. "Computer software" is defined in the ''Rule as "any
computer
assessee itself for Assessment Year 2007-08. The claim
for depreciation on software was also allowed by
following its previous order in the case ... Assessment Years 2004-05 and 2007-08 pertaining to
depreciation claimed on software, which was treated as
royalty. However, it is pointed out that
