The Tax Publishers2021 TaxPub(DT) 0539 (Del-Trib) : (2021) 086 ITR (Trib) 0141

INCOME TAX ACT, 1961

Section 32(1)

Computer software was an intangible asset and, therefore, assessee was eligible for depreciation @ 60%.

Depreciation - Rate of depreciation - Computer software -

Assessee engaged in the business of computer software development claimed depreciation @ 60% on computer software. AO allowed depreciation @ 25%. Held: Computer software was an intangible asset and, therefore, assessee was eligible for depreciation @ 60%.

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2011-12


INCOME TAX ACT, 1961

Section 68

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