Depreciation on 120 Computers cannot be denied by alleging personal use

Jaya Publications Vs DCIT (ITAT Chennai) We find that the assessee has purchased Computers for business purposes and claimed depreciation thereon. In support, the relevant invoices were produced. The only reason to disallow the depreciation is the conclusion of Ld. AO that the use of computers for business was not established. However, this conclusion is not supported by any concrete findings. The Computers so purchased by the assessee formed part of Block of Asset and the depreciation has been claimed as per law. The same is supported by the fact that the assessee has purchased as many as 120...