‘Digital Content’ developed by assessee which would be used in films is intangible asset; eligible for dep. @25%

INCOME TAX: Where assessee developed 'digital content/animation software' utilized in multimedia and entertainment industry which are stored in hard disc of computer, this digital content was a copyrighted intangible asset to be used in various films etc. and, therefore, assessee was eligible for depreciation at rate of 25 per cent

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194544/‘digital-content’-developed-by-assessee-which-would-be-used-in-films-is-intangible-asset-eligible-for-dep-25.aspx