The Assessing Officer disallowed the assessee’s claim to depreciation on computer software stating that the assessee had only purchased a licence to use the software and therefore was not entitled to claim depreciation at 60 per cent. The Commissioner (Appeals) allowed the claim. That the Commissioner (Appeals) was right in allowing depreciation on software licence at 60 per cent. Followed Dy. CIT v. Datacraft India L td(2011) 9 ITR 712 / (2010) 133 TTJ 377 (SB) (Mum)(Trib) AY.2013-14)
Gujarat Infrapipes P. Ltd. v. Dy. CIT (2024)111 ITR 47 (SN)(Ahd)(Trib)
S. 32 : Depreciation-Rate of depreciation-Computer software-Depreciation allowable at 60 Per Cent.