60% depreciation eligible on UPS as Part of Computer & Peripherals

Religare Securities Ltd. Vs DCIT (ITAT Delhi) The issue under consideration is whether the UPS is considered as essentially part of computer system and depreciation at rate of 60% charged on it? In present case, the assessee claimed depreciation on UPS @ 60% treating the same to be part of computer and peripherals. But the AO held that UPS is not a part of computer and peripherals and it is eligible for depreciation @ 15% being plant & machinery. Tthe ld. CIT(A) allowed depreciation @ 60%.Hence revenue filed the appeal against this order of the CIT(A). ITAT states that, the Hon’ble Delhi...