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of <h1>Appellate Tribunal rules software cost not part of computer value, reduces penalty.</h1> The Appellate Tribunal CEGAT, Madras, in Appeal No. 5296/93, ruled that the cost of software is not includible in the assessable value of computers based ... Valuation - Computers The judgment by the Appellate Tribunal CEGAT, Madras, in Appeal No. 5296/93 and Appeal E/5297/93 relates to the includibility of software and bought out items in the assessable value of computers. The cost of software is not includible as per a Supreme Court ruling. The Numerical Co-Processor is considered essential, but Dot Matrix Printers are not. The tribunal set aside the order including the value of software and printer, reducing the penalty imposed on the Appellant. Appeal No. 5297/93 was also allowed.
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