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2018 (3) TMI 1633 - ITAT CHENNAIBenefit of depreciation at the rate of 60% under the block computer - Held that:- CIT-A himself has agreed that the purchases made by the assessee company is design software embedded in CD, containing the design etc..Thus we wonder as to how it cannot be treated as a computer software. The design software embedded in CD containing the design has to be necessarily treated as computer software and the same is clarified in Note 7 of the new Appendix-1 of the Rules which states that “computer software” means any computer program recorded on any disk, tape, perforated media or other information storage device. Further as per the Rule, the rates prescribed for computer software is 60% for the relevant assessment year - thus direct the Ld.AO to grant the benefit of depreciation @ 60% for the purchase of design software by the assessee. - Decided in favour of assessee
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