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Depreciation on licenses software allowable at the rate of 60%
Case Law Details
- Case Name
- DCIT Vs Vodafone Business Services Ltd. (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-2016
- Courts
- All ITAT, ITAT Ahmedabad
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DCIT Vs Vodafone Business Services Ltd. (ITAT Ahmedabad)
ITAT Ahmedabad held that depreciation on licenses software is allowable at the rate of 60% and not at the rate of 25% as alleged by the revenue.
Facts- Present appeal has been filed by the Revenue against order of the the ld.CIT(A) on the sole grievance of the Revenue is against allowance of depreciation on computer software at the rate of 60% as opposed to 25% held to be allowable by the AO.
Conclusion- Hon’ble high court held that since computer software has been defined in Appendix as any computer program recorded o...
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