peripheral of the computer. The A.O. has observed that the
assessee has claimed depreciation @ 60% on the computer accessories ... further observed that only computer and
computer software are eligible for depreciation @ 60% and the said percentage
cannot be extended
Project.
These receipts were treated by the assessee as business income and
depreciation was claimed for the assets of Cyber City amounting ... apportioned to the activity of letting out of Cyber City was computed
in the order
assessee has made suo-moto disallowance of the above expenditure in the
computation statement during the impugned assessment year and no benefit whatsoever ... been taken by the assessee either by capitalising the same and claiming depreciation on it nor
has taken benefit in subsequent years, therefore, the provisions
undertaking from the export of articles or things or computer
software for a period of ten consecutive assessment years beginning with the
assessment ... gains derived by an undertaking from the
export of computer software, which was a requirement of section
Computer software of Rs. 4,40,500/-
(comprising of Rs. 1,48,500/- towards upgradation of "Staad" Software ... Desk Autocad L T 2006 pack of 5
4
software) is capital expenditure on which depreciation will be allowed
@60%.
9. Facts of the case
Finolex Cables Ltd.,, Pimpri vs Assessee on 11 January, 2012
IN THE INCOME TAX APPELLATE
Serum Institute Of India Ltd, Pune vs Assessee on 8 December, 2012
IN THE INCOME
Emilio Ruiz Berdejo, Pune vs Assessee on 16 July, 2012
IN THE INCOME TAX APPELLATE
Vishay Components India Private ... vs Assessee on 19 March, 2012
THE INCOME TAX APPELLATE TRIBUNAL
Honeywell Automation India Ltd ... vs Assessee on 12 June, 2012
1
IN THE INCOME TAX
