https://www.taxtmi.com/caselaws?id=363634 The Tribunal upheld the decision of the CIT(A) and AO to allow depreciation at 15% instead of the claimed 40% on medical equipment including CT scan, ECG, and Patient Monitoring System. The appellant's argument that CT scan should be classified as Life Saving Medical Equipment similar to MRI scan was rejected. The Tribunal found that the disputed items did not qualify for the higher depreciation rate under the applicable rules. The appeal was dismissed, affirming the lower authorities' decisions on the depreciation rates for the medical equipment in question. en-us Wed, 11 Jul 2018 00:00:00 +0530 Mon, 16 Jul 2018 08:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363634 The Tribunal upheld the decision of the CIT(A) and AO to allow depreciation at 15% instead of the claimed 40% on medical equipment including CT scan, ECG, and Patient Monitoring System. The appellant's argument that CT scan should be classified as Life Saving Medical Equipment similar to MRI scan was rejected. The Tribunal found that the disputed items did not qualify for the higher depreciation rate under the applicable rules. The appeal was dismissed, affirming the lower authorities' decisions on the depreciation rates for the medical equipment in question. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363634