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2014 (2) TMI 1150 - ITAT CHENNAIDisallowance of higher rate of depreciation - Whether the medical diagnostic imaging equipment installed by the assessee could be considered in the nature of SPECT gamma camera and if so, entitled to for depreciation at 40 per cent - Held that:- The PET/CT scan is very much used in the treatment of cancer. The PET/CT scan gives both anatomic and metabolic information to assess the present condition of cancer growth in a patient. This instrument is useful not only in detecting cancer but also in treating the cancer by making a proper assessment of the condition of the patient. The PET/CT scan is also very essential in assessing the condition of patients suffering from cancer even at the advanced stage. This imaging technology is used not only in the treatment of cancer but also in the treatment of heart diseases and neurological diseases, as the PET/CT scan delivers the condition of vascular system of a patient. - The PET/CT scan is entitled for higher rate of depreciation at 40 per cent. - Decided against Revenue.
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