would be allowed on computers including
computer software. The said definition to include computer software was
introduced ... distinction
between the computer software perse and the license, wherein the computer
along with computer software is termed
depreciation is allowable "on computers including
computer software" @60% in terms of Item 4 under Machinery
and Plant (Item ... Assessing officer restricted the grant of depreciation @60% to
computers and allowed depreciation on software at only 25%
which is the general rate
applicable to 'Computers including computer software' as claimed by
the Appellant.
5.RATE OF DEPRECIATION ON COMPUTER ... regarding depreciation on software.
9.1 The assessee claimed depreciation on software @ 60%. However, the AO
allowed the depreciation at 25% on software. The DRP confirmed
appendix applicable from AY 2006-07,
depreciation on computer and computer software is to be
23
ITA No. 1875/Hyd/2012 ... justified in allowing depreciation at 25%. We,
therefore, direct AO to allow depreciation on the computer
software at 60%. This ground is partly
M/S Tns India Private Limited,, ... vs Assessee on 13 February, 2015
IN THE INCOME
which is on account of restrictions of depreciation on computers,
software and peripherals to 25% as against 60% claimed by the
assessee (vide ... computer and
computer software. I agree with the observations made
by the AO that only computer and computer
Citi Financial Consumer Finance India ... vs Department Of Income Tax on 17 August, 2015
IN
foreign
exchange fluctuation gain of Rs.25,86,714/- for computing depreciation, thereby
deleting the disallowance of d43preciation to the tune ... allow consequential relief to the assessee on account of
depreciation on computer software
software.
The Ld. Assessing Officer has referred in the first point of
computer Kiosk that computer software is allowed
depreciation ... defines it " computer including computer software and
computer software means any computer programme recorded
Raksha Jindal vs Central Bureau Of Investigation on 5 March, 2015
Author: Siddharth Mridul
Bench
