ITAT on higher Rate of depreciation on Set top boxes

ACIT Vs Kerala Communicators Cable Ltd. (ITAT Cochin) The Assessing Officer granted depreciation at the rate of 15% being machinery and plant other than those covered by sub-items (2), (3) and (8). According to the assessee, it is covered under sub-item (8)(ix)(E)(k). Sub-item (ix) of item (8) is energy saving device and (E) is electric equipment. For claiming higher rate of depreciation of 80%, assessee has to prove that the STB’s are energy saving devices being electrical equipment. In the absence of proving so, STB’s would be entitled for depreciation under general category of `machiner...