The Tax Publishers2020 TaxPub(DT) 4443 (Mad-HC) : (2020) 424 ITR 0272

INCOME TAX ACT, 1961

Section 32

UPS is the part of computer and was entitled for depreciation at 60%.

Depreciation - Applicable rate of depreciation on UPS - UPS, whether part of computer -

Revenue challenged the order of Tribunal holding that UPS is the part of computer and was entitled for depreciation at 60%. Held: Following case of Royal Sundaram Alliance Insurance Company Limited, issue was decided against the revenue.

Followed:CIT, Chennai v. Royal Sundaram Alliance Insurance Company Limited, TCA No. 41 of 2019 : 2019 TaxPub(DT) 1466 (Mad-HC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2006-07 to 2009-10


INCOME TAX ACT, 1961

Section 115JB

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