Depreciation allowable on table, tools, trollies used in laboratory at rate applicable on machinery

DCIT Vs Serum Institute of India Ltd. (ITAT Pune)

ITAT Pune held that depreciation on items like stainless steel table, tools, trollies used by scientist or lab technicians in laboratory are used for production of vaccine/ other is allowable at the rate applicable to plant and machinery

Facts-

During the course of assessment proceedings, various disallowances were made by AO. Being aggrieved, an appeal was preferred before CIT(A). CIT(A) deleted following disallowan

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