Higher depreciation @60% allowable to UPS and printers

Eversendai Construction Pvt. Ltd Vs DCIT (ITAT Chennai) ITAT Chennai held that UPS and Printers being part of a computer systems and hence eligible for higher depreciation at the rate 60%. Facts-  The assessee’ claim of depreciation @60% on UPS, printers and other accessories was rejected by the AP. AO restricted the depreciation on UPS, printers and other accessories to 15% which is applicable to normal block of plant and machinery. Conclusion- We find that this issue is covered in favour of the assessee by the decision of ITAT in the case of Sundaram Asset Management Co. Ltd. v. DCIT, LTU...