Zylog Systems Limited, Chennai vs Assessee on 2 November, 2010
IN THE INCOME TAX APPELLATE
The Commissioner Of Income Tax-2 vs M/S.Information Architects on 9 February, 2010
Commissioner Of Income Tax vs Interra Software India Pvt. Ltd. on 24 December, 2010
Author
Times Internet Ltd. vs M/S Belize Domain Whois Service Ltd. & ... on 10 November
Without prejudice, if the software expenses were to be
considered as capital in nature, the AO be directed to
grant depreciation on the amount treated ... shape of invoices for
purchase of software, the CIT(A) had observed that the said amount of
software expenses was capitalized in the books
record. The assessee has incurred software expenses for
upgrading the software programmes like back office software,
debt market software, etc., relating to its business ... depreciation on
computers including computer software @60%. From this, they
have inferred that the computer software is nothing
therefrom,
towards depreciation on the software acquired during the year, he
computed the income of the assessee ... appeal, CIT(A) observed that computers including
computer software constitutes capital asset, allowed the depreciation at
specified rate thereon and also
Annik Technology (P) Ltd., New Delhi vs Department Of Income Tax on 4 November, 2010
computers including computer software" at 60 per cent.
Note 7 below the appendix defines "computer software ... this entry, his case is
that the AO rightly allowed depreciation on ERP software @ 60 per
cent. The deduction was restricted to 50 per cent
Skyline Education Institute (Pvt) Ltd vs S.L.Vaswani & Anr on 5 January, 2010