Case Law Details
Case Name : DCIT Vs M/s. Lotwin Online Lottery Pvt. Ltd (ITAT Mumbai)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Mumbai
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DCIT Vs M/s. Lotwin Online Lottery Pvt. Ltd (ITAT Mumbai)
The short question for adjudication in the instant case is whether the batteries which are used along with UPS and which form system for power back up in case of power failure qualify for depreciation at 60 per cent, or not.
Held-
Computer accessories and peripherals such as, printers, scanners and server, etc., form an integral part of the computer system. In fact, the computer accessories and peripherals cannot be used without the computer. Consequently, as they are the part of the computer system, they are entitled to depreciation at...
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https://taxguru.in/income-tax/rate-depreciation-computer-accessories-peripherals.html
IN ABOVE LINK DEPRECIATION ON COMPUTER IS 40%. BUT AS PER THIS ORDER IT IS 60%.
WHAT IS THE CORRECT FIGURE?
“Computer accessories and peripherals such as, printers, scanners and server, etc., form an integral part of the computer system. In fact, the computer accessories and peripherals cannot be used without the computer. Consequently, as they are the part of the computer system, they are entitled to depreciation at the higher rate of 60 per cent. The issue was claim of depreciation on UPS by the assessee at 60 per cent, whereas the assessing officer had allowed it at 25 per cent. The Hon’ble High Court followed the judgment in BSES Yamuna Powers Ltd. (supra) and allowed depreciation at 60 per cent, on such items”