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2019 (7) TMI 1389 - AT - Income TaxDepreciation on LED wall - @15% or @ 60% - disallowance of 60% depreciation as claimed by the assessee on the ground that these are not integral part of computer to qualify for higher rate of depreciation - HELD THAT:- CIT(A) upheld the action of the Assessing Officer in not allowing deprecation @ 60% on such LED wall, projectors and accessories etc. No infirmity in the order of the CIT(A) on this issue. The rate of depreciation has been prescribed under the new appendix-1 of Income Tax Rules 1962 where different rates are prescribed for different plant, machinery and other equipment. There are certain instruments/ equipments wherein lesser rate of depreciation has been prescribed which are also operated by computers/ laptops. There are a number of items which attract 40% depreciation although those items cannot be operated without help of computer such as life saving medical equipments, energy saving devise etc. There are also certain plant and machinery on which 30% depreciation has been prescribed which also cannot operate without the help of computers. Therefore, the arguments of the Ld. Counsel for the assessee that since the LED walls, projectors, accessories etc cannot function without the help of computer/ laptop and therefore is entitled for depreciation @ 60% is not correct. Since no separate rate of deprecation has been prescribed for LED wall, projectors / accessories etc, therefore, these will come under the head other plant and machinery and accordingly entitled for deprecation @ 15% only which has been adopted by the Assessing Officer and upheld by the CIT(A). Therefore, do not find any infirmity in the order of the CIT(A) on this issue - Decided against assessee.
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