Hindustan Computers Ltd., in fact, the payment was made for outright sale of 'computer software' which is used ... treated the expenditure on acquiring the computer software as expenditure of capital nature and rightly allowed depreciation as per rules.
42. A similar
diminution
fixed asset crores
1. Computers 22.63 Computers and software are generally
(Net block) depreciated over a period of 3 years
depreciation at the
enhanced rate of 60% on equipments like routers, modems etc.
which are a part of computer net work or computer ... term 'computers
including computer software' used in Appendix - I of Income-
tax Rules providing for depreciation rates
Galileo International Inc. vs Dcit on 30 November, 2007
ORDER
Deepak R. Shah, Accountant Member
purpose of calculation of depreciation (Page 35 of the Paper Book) would clearly indicate that the entire software business of the assessee has been transferred ... these assets of software business, either tangible or intangible. It points out only one thing - that the software business of the assessee has been transferred
computer software or communication facilities which are connected or related to the computer in a computer system or computer ... computer software or communication facilities which are connected or related to the computer in a computer system or computer
computer software. While determining the total income the AO did not consider the carried forward business loss and carried forward unabsorbed depreciation which ... development of a particular software, such expenditure should be taken as cost of development of that particular software and allowed to be set off against
Amadeus Global Travel Distribution Sa ... vs Dy. Commissioner Of Income-Tax on 30 November, 2007
depreciation on computer is fixed @ 60 per cent of WDV. The expression "computer" has not been defined ... optical impulses and include all input-output processing, storage, computer software or communication facilities which are connected or related to the computer
depreciation.
20.3 The amendments have been brought into effect retrospectively from 1st June, 2001 and have been made applicable to business losses or unabsorbed depreciation ... deduction in respect of profits derived from export of computer software, being the profits of the business, which bear the same turnover, remaining
