Depreciation on computer accessories & peripherals allowable at 60%

The Assessing Officer allowed the depreciation on computer accessories and peripherals at the rate of 15% as against 60% claimed by the assessee. The learned CIT(A) directed the Assessing Officer to allow depreciation at the rate of 60% following the decision of Special Bench of ITAT in the case of DCIT Vs. Data craft India Ltd.– 40 SOT 295 (Mum)(SB). In that case, the Special Bench of ITAT held that router and switches which are necessary for the operation of computer are to be classified as computer and, therefore, entitled to 60% depreciation. In our opinion, the ratio of the above decisi...