Case Law Details
Genpact India Private Limited (Successor to Genpact India) Vs DCIT (ITAT Delhi)
In the case of Genpact India Private Limited (Successor to Genpact India) vs. DCIT (ITAT Delhi), the issue concerned the disallowance of excess depreciation claimed on computer peripherals. The ITAT heard both parties’ arguments and reviewed the evidence. It determined that assets like printers and routers, along with other accessories, are integral parts of computers and cannot function independently. Therefore, they are eligible for depreciation at the rate applicable to computers. The decision cited precedents from the Hon’ble Jurisdictional High Court to support this interpretation. Consequently, Ground No. 9 of the Revenue’s appeal was dismissed based on these findings.
FULL TEXT OF THE ORDER OF ITAT DELHI
The captioned cross-appeals, preferred by the assessee as well as the Revenue, are directed against the order of learned Commissioner of Income Tax (Appeals)-4, New Delhi, dated 16.05.2016, arising out of order dated 31.03.2015, passed by the Assessing Officer u/s 143(3) of the Income-tax Act, 1961, pertaining to the assessment year 2011-12. Both the appeals are taken up together and disposed of by this common order for the sake of convenience.
2. The assessee has raised following grounds of appeal.
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