2018 (8) TMI 2182

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....Appellant : Shri. R. Vijayaraghavan, Adv. For the Respondent : Shri. Clement Ramesh Kumar, JCIT. ORDER PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER In this appeal filed by the assessee, which is directed against an order dated 01.12.2017 of ld. Commissioner of Income Tax (Appeals)-11, Chennai, it is aggrieved that ld. Commissioner of Income Tax (Appeals) confirmed disallowance of claim of ....

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....reciation to 25% deeming the license to be only an intangible asset. 3. Per contra, ld. Departmental Representative strongly supported the orders of the lower authorities. According to him, a license to use a software could not be bracketed alongwith computer for claiming depreciation at the rate of 60%. 4. We have considered the rival contentions and perused the orders of the authorities be....