https://www.taxtmi.com/caselaws?id=300245 The Tribunal allowed the appeal, directing the Assessing Officer to allow depreciation at 60% for computer software as it qualifies for higher rates due to being an integral part of computers. The decision clarifies the treatment of software as part of the block of assets and ensures consistent application of depreciation rates in line with relevant provisions of the Income Tax Act and precedent cases. en-us Wed, 28 Sep 2016 00:00:00 +0530 Wed, 19 Jan 2022 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300245 The Tribunal allowed the appeal, directing the Assessing Officer to allow depreciation at 60% for computer software as it qualifies for higher rates due to being an integral part of computers. The decision clarifies the treatment of software as part of the block of assets and ensures consistent application of depreciation rates in line with relevant provisions of the Income Tax Act and precedent cases. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300245