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
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
raised the
following grounds :
"1. Disallowance of depreciation on computer software.
1.1. The Learned AO has erred in disallowing the depreciation ... grounds are with respect to
disallowance of depreciation on computer software.
3.1. AO noticed that assessee had purchased software aggregating
based
accounting system. The AO held that depreciation rate for computers including
computer software was 60%. The amendment in the relevant ... computers were entitled for depreciation at the rate of 60%. There was,
therefore, no ambiguity regarding depreciation allowable on computer software
table of rates for depreciation in Appendix-I in respect of 'computers including computer softwares'.
16. There is another ... computers including computer software' was introduced for and from asst. yr. 2003-04. Therefore, the alternative plea claiming depreciation
Hindustan Computers Ltd., in fact, the payment was made for outright sale of 'computer software' which is used ... treated the expenditure on acquiring the computer software as expenditure of capital nature and rightly allowed depreciation as per rules.
42. A similar
Food & coffee Expenditure 20480
4 Computer Software Expenses 7000
5 Depreciation 363063
6 Office Expenses 23750
7 Newspaper expense 499
8 Sundry ... Profit before taxes (51 - 52iii - 53) 9466
Schedule BP -Computation of income from business or profession
From business or profession other than speculative
prior period expenses
of Rs.2,76,870/-.
4. COMPUTER SOFTWARE
On the facts and in the circumstances of the case ... Rules,
computer software has been clubbed with computers and both put
together have been made eligible for depreciation at 60% which
expenditure of Rs.41,85,871/- for licence
to use computer software for its operations. The assessee had claimed
expenditure as revenue expenditure ... from the assessment year 2003-04, depreciation @ 60% was specifically
provided for computer software. Accordingly, the Assessing Officer allowed
depreciation
peripheral of the computer. The A.O. has observed that the
assessee has claimed depreciation @ 60% on the computer accessories ... further observed that only computer and
computer software are eligible for depreciation @ 60% and the said percentage
cannot be extended
