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2013 (1) TMI 861 - HC - Income TaxRate of depreciation on UPS, ATM machines and software licence - Held that:- UPS is an integral part of the computer system and regulate the flow of the power to avoid any kind of damage to the computer network due to fluctuation in power supply - hence depreciation at 60% is allowed ATM cannot function without the help of computer and would be a part of the computer used in the banking industry - hence depreciation at 60% is allowed - Tribunal records a fact that the evidence of the use of the software on 31/3/2008 was produced before the Tribunal - Thus, the Tribunal held that depreciation @ 30% on software was rightly claimed - decided in favor of assessee
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