with computer as far as eligibility of depreciation is
concerned. Therefore, after 01/04/2003, computer software in the nature ... appendix applicable from AY 2006-07, depreciation on computer and
computer software is to be allowed
appendix applicable from AY 2006-07,
depreciation on computer and computer software is to be allowed ... justified in allowing depreciation at 25%. We, therefore, direct AO to
allow depreciation on the computer software at 60%. This ground is
partly
Zenith Computers Ltd. Bombay (copy enclosed)] towards purchase of computer software, The said computer software is subject to accelerated ... software, for which assets no depreciation rate has been prescribed, depreciation has correctly been worked out as per the Depreciation Table under Appendix
depreciation is allowable "on computers including
computer software" @60% in terms of Item 4 under Machinery
and Plant (Item ... Assessing officer restricted the grant of depreciation @60% to
computers and allowed depreciation on software at only 25%
which is the general rate
appendix applicable from AY 2006-07,
depreciation on computer and computer software is to be
23
ITA No. 1875/Hyd/2012 ... justified in allowing depreciation at 25%. We,
therefore, direct AO to allow depreciation on the computer
software at 60%. This ground is partly
M/S Tns India Private Limited,, ... vs Assessee on 13 February, 2015
IN THE INCOME
which is on account of restrictions of depreciation on computers,
software and peripherals to 25% as against 60% claimed by the
assessee (vide ... computer and
computer software. I agree with the observations made
by the AO that only computer and computer
aforesaid
appendix defines computer software as under:-
"(7) 'Computer software' means any computer programme
recorded ... computer
software. When the statute specifically provides for treating the
computer software as a capital asset and allowing depreciation
thereon
issue in Ground No.4 is related to the depreciation on
computer software. This issue is involved for the AYs.2011 ... settled issue that the computer software is not intangible
asset and forms part of the computer. Therefore, we hold that
which the computer
software is used is again peculiar, General mode is
to acquire computer software on a license. That ... granting 60%
depreciation on computer software that even the
legislature considers the life of computer software as
about two years
