COMMISSIONER OF INCOME TAX (LEGAL DIVISION), ISLAMABAD versus WARID TELECOM (PVT.) LTD., LAHORE
Sections 24 (11), 22 and 23 Integables Depreciation Elementary Allowance The Computer Software Elementary Allowance and Depreciation Department claims that taxpayers mistakenly misappropriated Section 22 and 23 of the Income Tax Ordinance 2001 as deprecated assets instead. Have sued After taxpayers resorted to section 24 (11) of the Income Tax Ordinance, the software was declared as a fixed asset and claimed to reduce the initial allowance and tax value on software under head computers and accessories. There was no escape. Section 24 (11) of the Income Tax Ordinance, 2001 software, whether embedded or computer software, performs compact logical processing according to the default program for achieving desired results. Software that could not be run on a computer can be designated as computer software. All software, whether system software or application software, is wholly similar to that provided by the provider of these software licensing taxpayers for both the hardware and software components of the goods provided, recognizing the definition of intangibles. It offered similar and consistent performance that was built on a computer system, all software capable of transmitting data and sound. The embedded software was primarily computer software separately announced by the taxpayer in their audited accounts. The taxpayers, in the initial stage, proceeded to the first appellate authority to determine the duration of use of these software. I failed, and before this the appellate tribunal should cost such software. A.
