higher rate of depreciation on computer
software. He contended that the assessee had purchased computer software to
the tune ... schedule of depreciation,
the assessee is eligible to claim higher rate of depreciation that is @ 60% on
computer software and same should
onward, even the computer software was included in the computers to be eligible to claim the depreciation at this higher rate ... training to the students in software technology. It purchased computer software and claimed the entire cost as depreciation. The assessee contended before
Income-tax Rules only computers and computer
software are eligible for depreciation of 60% the same
cannot be extended to computer ... Rules 60% depreciation is
allowable only on computer and computer software and
not on computer peripherals and accessories
allowed as a
business expenses on account of depreciation on computer software.
Depreciation @60% is allowed against the similar addition ... income tax act,
software has been clubbed with computers for depreciation purposes and
therefore, software expenses are capital in nature. On the other
excess depreciation of Rs.1,32,62,985/- on
software. By doing so, the assessee has claimed excess
additional depreciation and excess depreciation ... depreciation were duly disclosed by the assessee at the time
of original assessment proceedings and figures relating to
depreciation on computer software. Regarding
made by the AO on
account of depreciation on computer software.
4. The appellant craves leave, to add, alter or amend any
ground ... part of computer system and, therefore, depreciation @
60% was to be allowed. Moreover, rate of depreciation of computer
software has been
disallow of claim of deduction of gratuity and additional depreciation on the
computer software and he thus issued notice dated 3.1.2013 under section ... record. Lastly, even viz-a-viz the additional
depreciation it was submitted that computer software also constituted plant and
machinery which
penalty, without appreciating that the disallowance of additional
depreciation in respect of computer software 'Primavera' was itself,
in the first place ... addition on account of disallowance of additional
depreciation on computer software
3. Simultaneously, penalty proceeding
prescribed. Further, as per depreciation table, computers including
computers software, depreciation @60% is allowed under ... Cables, CD Writers etc. besides computer and
software, that was not admissible as other items as computer
peripherals/accessories. The items
considering the license fees paid towards purchase of
computer software (to facilitate inventory, sales order and
sub-contract management etc.) as an intangible ... acquisition of "right to use" the application, thereby
allowing depreciation at the rate of 25% as against the
Appellant's claim
