Computer Peripherals Depreciation Ruling Upheld

The Delhi HC held that computer peripherals are eligible for depreciation at the standard rate for plant and machinery, not at 60%. The Revenue's appeal was rejected, allowing them to seek recourse under Section 254(2) of the Act before the tribunal.

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The Delhi High Court ruled that computer peripherals like CD writer, Printer, Network Cables, switches, isolators are entitled to depreciation at the normal rate applicable to plant and machinery, not at 60%. The Revenue's appeal was dismissed, and they were granted liberty to file an application under Section 254(2) of the Act before the tribunal.

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