https://www.taxtmi.com/caselaws?id=206696 The appeal by the revenue challenging the disallowance of extra depreciation on computer peripherals/accessories and depreciation on assets with the holding company for Assessment Year 2005-06 was dismissed. The ITAT upheld the CIT (A)'s decision, citing legal precedents that computer peripherals are eligible for higher depreciation and that assets with the holding company are considered under the block of assets concept. The appeal was dismissed in its entirety, affirming the eligibility of computer peripherals for higher depreciation and the treatment of assets with the holding company under relevant legal precedents. en-us Fri, 30 Sep 2011 00:00:00 +0530 Thu, 10 Nov 2011 20:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206696 The appeal by the revenue challenging the disallowance of extra depreciation on computer peripherals/accessories and depreciation on assets with the holding company for Assessment Year 2005-06 was dismissed. The ITAT upheld the CIT (A)'s decision, citing legal precedents that computer peripherals are eligible for higher depreciation and that assets with the holding company are considered under the block of assets concept. The appeal was dismissed in its entirety, affirming the eligibility of computer peripherals for higher depreciation and the treatment of assets with the holding company under relevant legal precedents. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206696