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2016 (5) TMI 865 - AT - Income TaxDepreciation on license fees paid for the use of computer software @25% of written down value - rejection of assessee’s claim of depreciation @ 60% on “License Fees" - Held that:- Matter restored back to the file of the Assessing Officer to examine the question whether the expenditure on computer software was capital or revenue in the light of the criteria laid down above after giving an opportunity of being heard to the assessees. If on such examination, the Assessing Officer would come to the conclusion that the expenditure was capital expenditure, then the question regarding allowing depreciation would be decided in accordance with the principles laid down in the subsequent paragraphs. - Decided in favour of assessee for statistical purposes.
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