Depreciation claimed for computer software etc is allowed only if used for more than 180 days

Last updated: 31 December 2011

Court :
HIGH COURT OF DELHI

Brief :
The Commissioner issued notice under Section 263 of the Act on two grounds: firstly, the respondent had earned dividend income of Rs.28,20,145/- which was exempt from tax but no disallowance of expenditure under Section 14A of the Act was made. Secondly, the respondent-assessee has claimed depreciation on computer software, printers, hub, ticket printers, routers and scanners etc. amounting to Rs.2,49,60,633/- @ 60%, which was allowed by the Assessing Officer without examining whether the said peripherals/items were used for more than 180 days.

Citation :
CIT ..... Appellant Through: Mr. N.P.Sahni and Mr. Ruchesh Sinha, Advs. Versus GALILEO INDIA PVT LTD ..... Respondent

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CS Bijoy

Published in Income Tax
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Depreciation claimed for computer software etc is allowed only if used for more than 180 days

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