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2021 (4) TMI 843 - AT - Income TaxDepreciation on Computer Software - DR emphasized that the Ld.CIT (A) has erred in directing depreciation @60% rate on the computer software licenses, but actually rate applicable is @25% and the license has to be treated as intangible assets - HELD THAT:- DR could not controvert the observations of the Ld. CIT (A) with any new evidence or information but relied on the order of the Assessing officer. We find the Ld.CIT(A) considered the facts of granting of deprecition@60% rate in the earlier and subsequent assessment years by the revenue, provisions of law, and allowed the claim of the Assessee. Accordingly, we do not find any infirmity in the order of the Ld.CIT (A) and uphold the same and dismiss the grounds of appeal of the revenue.
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