https://www.taxtmi.com/caselaws?id=182992 The ITAT Mumbai bench allowed higher depreciation on UPS and ATM machines, following decisions from the Delhi High Court and Delhi ITAT, respectively. The appellant successfully argued that UPS and ATMs should be eligible for higher depreciation rates due to their integral roles in computer systems. Additionally, the ITAT ruled in favor of the appellant regarding the depreciation on the purchase of software licenses, acknowledging evidence presented to prove acquisition and use within the specified timeframe. en-us Wed, 14 Mar 2012 00:00:00 +0530 Thu, 13 Jul 2017 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182992 The ITAT Mumbai bench allowed higher depreciation on UPS and ATM machines, following decisions from the Delhi High Court and Delhi ITAT, respectively. The appellant successfully argued that UPS and ATMs should be eligible for higher depreciation rates due to their integral roles in computer systems. Additionally, the ITAT ruled in favor of the appellant regarding the depreciation on the purchase of software licenses, acknowledging evidence presented to prove acquisition and use within the specified timeframe. Case-Laws Income Tax Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182992