Computer accessories & peripherals entitled to higher depreciation rate

Waters (India) Private Limited Vs DCIT (ITAT Bangalore) It is settled position of law that computer and its accessories and peripherals are entitled to higher rate of depreciation of 60%. The CIT(A) held that the assessee is entitled to depreciation of 60% on printer and 15% on UPS by holding that UPS is not part of component / equipment connected with computer. The Hon’ble Bombay High Court in case of Pr.CIT v. Goa Tourism Development Ltd. (supra) had held that UPS is a component / equipment connected with computer, and therefore, entitled to 60% depreciation. The judgment relied on by the ...