https://www.taxtmi.com/caselaws?id=3393 The Tribunal ruled in favor of the company, allowing investment allowance and additional depreciation on computers used for data processing. It held that computers qualify as plant and machinery, making the investment allowance applicable. The Tribunal also affirmed the company's entitlement to deductions for data processing and printouts under Section 32A. Additionally, it determined that computer machinery qualifies as plant and machinery for additional depreciation, rejecting the Revenue's arguments. The court emphasized that the location of computers in office premises does not disqualify them from depreciation benefits if used for industrial purposes like data processing. en-us Tue, 22 Aug 2006 00:00:00 +0530 Mon, 28 Jul 2008 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3393 The Tribunal ruled in favor of the company, allowing investment allowance and additional depreciation on computers used for data processing. It held that computers qualify as plant and machinery, making the investment allowance applicable. The Tribunal also affirmed the company's entitlement to deductions for data processing and printouts under Section 32A. Additionally, it determined that computer machinery qualifies as plant and machinery for additional depreciation, rejecting the Revenue's arguments. The court emphasized that the location of computers in office premises does not disqualify them from depreciation benefits if used for industrial purposes like data processing. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3393