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2012 (3) TMI 527 - AT - Income TaxRouters & switches are to be included in the block of computers as they cannot be used without the computers. Depreciation on purchase of software license disallowed - assessee company could not prove that the software was acquired and installed and put to use by 31.3.2008 - Held that:- As the licence was to be acquired and to be put to use for the newly acquired co-operative banks, enhanced licenses were to be acquired. It was submitted by the AR that the assessee company acquired the licences for enhanced use, and wee put to use on 31.3.2008, the AR invited our attention to a copy of daily trial balance for Ankali Miraj Branch on 31.3.2008. On going through the facts on this issue also, we feel that the assessee company has gone on to prove that the software which was actually acquired and put to use on 31.3.2008 and hence, the assessee company has rightly claimed depreciation at 30% (being 50% of 60%). We, accordingly, allow the grievance of the assessee on this count.
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