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2021 (1) TMI 772 - AT - Income TaxDepreciation on xerox machine - at the rate of 15% OR 60% as claimed by the assessee - HELD THAT:- Assessee is entitled for depreciation at the rate of 60% of this alleged xerox machine WV-5745. The simple reason is that CIT(A) failed to comprehend true nature of this asset. It has been treated as photo-state machine without going through literature of the machine supplied by the manufacturer. According to the manual, it is multi-functional printer. Its feature to make photo-state of a paper is an added activity. It is also pertinent to observe that admissibility of depreciation at the rate of 60% is not disputed by the ld.CIT(A). CIT(A) has granted this rate of depreciation on all other assets, which are treated as peripheral of the computer. To our mind, this asset cannot be excluded for the reasons assigned by ld.CIT(A). It is to be treated as an integral part of the computer system which helps printing from the computer connected with it. Therefore, allow this appeal, and delete disallowance.- Decided in favour of assessee.
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