computer
software without appreciating the fact that any computer
software embaded with computer system is an integrated
computer ... various assets, including computer and computer software, as
per which software is eligible for higher depreciation at 60%.
The computer
Cholamandalam Ms General Insurance ... vs Dcit, Non Corp Circle 8, Chennai on 19 March, 2025
Deputy Commissioner Of Incometax , ... vs Cholamandalam Ms General Insurance ... on 19 March, 2025
आयकर अपीलीय
perusal of depreciation schedule noted that the
assessee-company claimed depreciation at 60% on computers
and software purchases made, claiming the same ... Appendix I, which states that
computers including computer software are entitled to
depreciation at 60%. Note 7 of the Appendix defines
perusal of depreciation schedule noted that the
assessee-company claimed depreciation at 60% on computers
and software purchases made, claiming the same ... Appendix I, which states that
computers including computer software are entitled to
depreciation at 60%. Note 7 of the Appendix defines
mentioned
under:
1. Software Computer depreciation of Rs.34,65,130/-
The Assessee has purchased computer software ... assessee's appeal is disallowance of depreciation on computer
software for Rs.32,79,112/-. During the course of assessment
proceedings
restriction of depreciation on software license, the Ld.
AR submitted that the Ld. CIT(A) erred in confirming the depreciation on
software license ... after considering the definition
of "computer software" under depreciation schedule as under:
"Computer software means any computer
Income Tax Rules where under
computers, including computer software are entitled to depreciation at the rate of
60%. 'Computer ... table (III. Machinery and Plant (5)) prescribes depreciation @
60% for computers including computer software. Computer software has not been
softwares that running
the computes. Admittedly, these softwares can be used in a computer
only, but the computer ... basic
specific software, these softwares are an integral part of the computer.
As without such software, the computer would be just
Income Tax (Appeals) confirmed disallowance of claim of depreciation
@60% on computer software worth F13,71,600/- acquired by the
assessee ... including computer software'' at
60%. Note 7 given under the said appendix defines computer
software as a computer
