Assessee gave an explanation that all the payments for the
purchase of software for the sum of Rs.4,24,25,050 were made ... Accordingly
the Assessee had debited the purchases in the computer software
account and claimed depreciation thereon.
11. The AO concluded that the Assessee
wrongly claimed the same as revenue expenditure.
v. Depreciation on certain items of computer peripheral was
wrongly claimed @ 60% instead of 25% since the same ... fifth reason is about the claim for depreciation on computer
peripherals. This Court in Commissioner of Income Tax v. BSES
Yamuna Power
account of allowance of 1,03,96,877/-
depreciation @ 15% (as against 60%) on
computer peripherals.
W.P. (C) No. 1773/2016 Page ... rate of depreciation on computer
peripherals, the ITAT allowed the Assessee's appeal and directed the
AO to allow depreciation on computer peripherals
precalcinator by passing the ESP. We,
however, understand that the Computer Software for
Sequencing, interlocking, etc. are not ready. It is not advisable ... brought to use. He submitted that even the necessary computer software
for sequencing and inter-locking the different machines necessary for the
purposes of running
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