case of the prosecution that the
appellant was working as Computer Instructor in
Keonics Yuva.Com at Chikmagalur. When the deceased
- Nayana ... joined for computer training in the said
institution, at that time, the present accused was her
Computer Instructor. It is alleged
additional
depreciation without appreciating that there is a
separate block of 60% depreciation for Computers
and Computer Software as prescribed under
submitted that the rate of
depreciation with effect from 2003-04 for Computers
including Computer software is 60%. Though the life ... nobody's case
that the assessee is dealing with computer softwares or
is in the business of any related services. Rather
submitted that the rate of depreciation with effect
from 2003-04 for Computers including Computer
software is 60%. Though the life ... nobody's case that the
assessee is dealing with computer softwares or is
in the business of any related services. Rather
assessee itself for Assessment Year 2007-08. The claim
for depreciation on software was also allowed by
following its previous order in the case ... Assessment Years 2004-05 and 2007-08 pertaining to
depreciation claimed on software, which was treated as
royalty. However, it is pointed out that
this
period .Considering the above, duty payable, on all the
computers and computer peripherals like servers ,UPS
systems, Telematic Equipment, Antistatic ... Equipment),Vertica lCable Manager, Dell Power Edge,
Software and Associated Hardware etc. becomes Nil as
the depreciated value of the same after usage
deceased while
computing the compensation. Thirdly, he contends that
petitioner No.1 is working as a Teacher and she has ample
livelihood ... that the
income tax and the professional tax have been included
while computing the compensation amount. He further
submits that the Tribunal
assessee is a company engaged in the
business of development of software which it exports in its
entirety. The assessment year ... foreign currency. The assessee had
also computed the business profits, without adjusting the
brought forward unabsorbed depreciation of the earlier
years and carried
directing the assessing authority/Transfer Pricing
Officer to grant depreciation charged by the
assessee in comparison to the comparable
companies after taking into consideration
corresponding ... Commissioner of Income Tax-5 & Another Vs.
M/s. Novell Software Development (India) Pvt. ltd.
5/14
7. The relevant portion of the judgment
loss was allowed in favour of
assessee.
3. Issue of depreciation of software was allowed in
favour of assessee.
4. Issue of allocation of corporate ... eligible units was allowed in favour of
assessee.
5. Issue of computation of profits of overseas
development centre (ODC), was remitted
