https://www.taxtmi.com/caselaws?id=414206 The Tribunal allowed the appeal filed by the assessee, admitting the appeal for adjudication after condoning a 12-day delay in filing. It held that computer software qualifies for 60% depreciation as an integrated part of a computer system, not 25% as considered by the authorities. Additionally, payments to a non-resident for the purchase of software were not considered royalty, exempting them from TDS deduction under section 195 of the IT Act, 1961. The AO was directed to allow depreciation at 60% and delete the disallowance of payments to the non-resident. en-us Wed, 27 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414206 The Tribunal allowed the appeal filed by the assessee, admitting the appeal for adjudication after condoning a 12-day delay in filing. It held that computer software qualifies for 60% depreciation as an integrated part of a computer system, not 25% as considered by the authorities. Additionally, payments to a non-resident for the purchase of software were not considered royalty, exempting them from TDS deduction under section 195 of the IT Act, 1961. The AO was directed to allow depreciation at 60% and delete the disallowance of payments to the non-resident. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414206