https://www.taxtmi.com/caselaws?id=784840 Specialised software used in high-frequency trading is analysed as computer software where it is functionally integrated with computer systems and integral to business operations. The applicable depreciation classification turns on the specific entry for computers including computer software, rather than on whether the software is developed in-house or customised to the user's requirements. Treating such software merely as an intangible asset would restrict depreciation to the lower applicable rate, whereas classification as computer software supports the higher rate. Consistent treatment is appropriate where the software's use and functional characteristics align with the computer software entry. en-us Tue, 16 Dec 2025 00:00:00 +0530 Tue, 13 Jan 2026 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784840 Specialised software used in high-frequency trading is analysed as computer software where it is functionally integrated with computer systems and integral to business operations. The applicable depreciation classification turns on the specific entry for computers including computer software, rather than on whether the software is developed in-house or customised to the user's requirements. Treating such software merely as an intangible asset would restrict depreciation to the lower applicable rate, whereas classification as computer software supports the higher rate. Consistent treatment is appropriate where the software's use and functional characteristics align with the computer software entry. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784840