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| The Tax Publishers2020 TaxPub(DT) 2908 (Coch-Trib) : (2020) 079 ITR (Trib) 0695 INCOME TAX ACT, 1961
Section 32(1)
Modem being an integral part of computer was eligible for high rate of depreciation of 60%.
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Depreciation - Rate of depreciation - Modems -
Assessee claimed depreciation on modems @ 60% as applicable to computers. AO restricted depreciation to 15%. Held: Definition of computer should not be restricted to Central Processing Unit of computer but should also extend to all input and output devices which support computer in the receipt of input on outflow and output to and from the computer. Modern being an integral part of computer was eligible for high rate of depreciation of 60%.
Relied:Dy. CIT v. Data Craft India Ltd. (2010) 40 SOT 295 (Mum-Trib) : 2010 TaxPub(DT) 2096 (Mum-Trib), Dina Malar v. ITO (2016) 74 Taxmann.com 14 (Mad) : 2016 TaxPub(DT) 4185 (Mad-HC), Ushodaya Enterprises Ltd. v. Dy.CIT (2014) 41 Taxmann.com 304 (Hyd) : 2014 TaxPub(DT) 2872 (Hyd-Trib) and Dy. CIT v. Microsoft Corporation India (P) Ltd. (2011) (9 Taxmann.com 253) (Del-Trib.) : 2011 TaxPub(DT) 0644 (Del-Trib),
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2007-08 & 2010-11
INCOME TAX ACT, 1961
Section 37(1), Expln.
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