that during the assessment
proceedings Ld. A.O allowed depreciation on computer software
claimed @25% as against 60% claimed by the assessee. Aggrieved ... assessee stated that the assessee has
claimed depreciation on computer software @60% since software is
26
KIFS Securities Ltd & Khandwala Integrated Financial
submitted that computer software that if the
software is embedded in computer hardware itself then only
depreciation would be allowed ... item of computers including computer software has been
No. 5,item be
prescribed for depreciation rate of 60% which has been
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
allowing depreciation at 25% has no basis, in view of 60% depreciation
being allowed on computers and computer software ... Schedule to IT Rules, 1962.
'Computers including computer software" are eligible for depreciation @
60 %. As per Note
rate specified for the block computers including computer
software.
40. The Ld.AO restricted the depreciation on software purchased ... 2013
wherein computer software was also included along with
computers eligible for depreciation at 60%.
The Ld.AR also submitted that
computer software. The AO
treated the servers as not part of the computers but treated it as Plant &
Machinery. Depreciation ... Software' and are eligible for depreciation at the
rate of 60%; Therefore depreciation on servers will be allowed at the rate
applicable to computers
erred in allowing depreciation on computer software of
M/s Fedex Express 4
ITA Nos 6664 & 6750/Mum/2016 ... applicable TDS, on the amount
paid for computer software, the depreciation claimed of Rs.44,17,743/-
made
depreciation on computer
software
4. In the assessment, the assessing officer noticed that assessee has
shown computer software under the head ... said table referred to computer, including computer software
and the rate of depreciation prescribed in the said table against this entry
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
