software. The AO observed that in the depreciation table,
computer software had been listed as a depreciable asset on which depreciation ... claim of depreciation in relation to
software expenses disallowed earlier. The assessee had raised a ground before
CIT(A) that in case software expenses were
erred in directing the AO to grant depreciation @ 60% on
computer software as against 25% granted by the AO ignoring the fact
that ... direct the AO to allow depreciation on computer software @25%.
32. In the result, Revenue's appeal
Authorised
-3-
Representative. As there is a separate depreciation rate
for computer softwares in I.T.Rules, the claim of the
appellant ... cent
-4-
depreciation on computer software that even the
legislature considers the life of computer software as
about two years
computer software' (60% depreciation), that
depreciation is to be allowed over general category 'intangible
assets' (25% depreciation). It has further ... Depreciation Table in IT
Rules, Computers including Computer software is entitled to
depreciation at 60%. In this view of the matter
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
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
computers including computer software.
Computer software is defined in note 7 to the appendix as a computer ... case of the assessee, entry for depreciation purpose of
computer and computer software, so there is vast difference between these
stated that software is often divided into two categories i.e. system software
and application software and this software is nothing but license granted ... hardware. The AO divided the software into
two categories i.e. system software and application software and this software
is nothing but license granted
disallowing software expense
amounting to Rs.2,02,140/- as capital expenses. The assessee has claimed
deduction for computer software programme expenses ... rules provides depreciation for computer software
at 60% and this itself proves that the computer software is a capital expenditure
Rules
allows 60 per cent depreciation only on computer and computer software;
3. In the facts and in the circumstances ... ambit any computer programme recorded on any information
storage device. The web site is computer software and, therefore, depreciation was allowable
