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| 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%.
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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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