Higher depreciation @60% allowable to UPS and printers

Eversendai Construction Pvt. Ltd Vs DCIT (ITAT Chennai)

ITAT Chennai held that UPS and Printers being part of a computer systems and hence eligible for higher depreciation at the rate 60%.

Facts-  The assessee’ claim of depreciation @60% on UPS, printers and other accessories was rejected by the AP. AO restricted the depreciation on UPS, printers and other accessories to 15% which is applicable to normal block of plant and machinery.

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