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Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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Issues: Whether depreciation on computer accessories and peripherals was admissible at the higher rate of 60%.
Analysis: The issue had already been decided by the Court against the Revenue and in favour of the assessee in an earlier decision, which held that depreciation on computer accessories and peripherals is allowable at 60%.
Conclusion: The higher rate of depreciation at 60% was held to be admissible, and the appeal failed.
Final Conclusion: The order left the assessee's claim to depreciation at 60% intact and resulted in dismissal of the Revenue's appeal.
Ratio Decidendi: Computer accessories and peripherals are entitled to depreciation at the rate applicable to computers, namely 60%.
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