onward, even the computer software was included in the computers to be eligible to claim the depreciation at this higher rate ... training to the students in software technology. It purchased computer software and claimed the entire cost as depreciation. The assessee contended before
Bebo Technologies Pvt. Ltd.,, Mohali vs Assessee on 28 November, 2008
IN THE INCOME TAX
Steel Inds.Ltd., Pune
improvement expenses for software purchased from M/s Global Ware Systems &
Software Solutions. Before the Assessing Officer it was stated ... computer including computer software' was classified as an 'asset' which
was entitled to claim depreciation @ 60%. In this
stated as "Computer including
computer software". Here it has to be noted that Depreciation Schedule under
the Income ... that the
legislature has included software with computer as capital asset and the
relevant rate of depreciation should be allowed legally. Thus
stated as "Computer including
computer software". Here it has to be noted that Depreciation Schedule under
the Income ... that the
legislature has included software with computer as capital asset and the
relevant rate of depreciation should be allowed legally Thus
regarding compute software expense being
capital expenditure or not has been put to rest by insertion of
computer "including computer ... allowable on compute
software. In view of the same, the action of the Assessing Officer in
treating computer software expenditure
software development centers at Bangalore namely SSDI & ATLAV, the profits of which are claimed as exempt Under Section 10A/10B. While computing ... account of computer software. According to the AO the said expenditure was incurred by the taxpayer company on purchase of software and since
M/S. Ibm India Private Limited vs The Commissioner Of Service Tax on 30 May
Asst. Commissioner Of Income-Tax vs Star India Pvt. Ltd. on 16 April, 2008
Equivalent
Bharat Bijlee Limited, Mumbai vs Assessee on 25 July, 2008
IN THE INCOME TAX APPELLATE
