Digital Press is a Computer: ITAT Grants 60% Depreciation

Hewlett Packard Financial Services (India) Pvt. Ltd. Vs ACIT (ITAT Mumbai)

ITAT Mumbai grants 60% depreciation on HP Indigo Digital Press Printer, deletes 41(1) addition & allows carry-forward of old unabsorbed depreciation

Assessee engaged in leasing & financial asset management solutions, appealed against the order of CIT(A), which had sustained multiple disallowances for AY 2011-12.

1. Depreciation on HP Indigo Digital Press Printer @ 60%

AO restricted depreciation to 15%, holding that the digital press was Please become a Premium member. If you are already a Premium member, login here to access the full content.