Depreciation on electric fittings which are integral part of plant and machinery can be claimed at @25%

D.R. relied upon the order of the A.O. and argued that as per Rule, on electric item depreciation is allowable @ 15%. Therefore, he requested to confirm the order of the A.O. At the outset, ld. A.R. argued that the assessee is engaged in the business of running a multiplex theatre. The cost of electric fittings and equipments amounting to Rs.59,48,760/-. The electric fittings are engaged for running the projector and film exhibition systems. Thus, the electric fittings and equipments are apparently in the nature of apparatus or plant which is essential for carrying on the main business activit...