https://www.taxtmi.com/article/detailed?id=9437 Revenue often contests depreciation claims even where assessees adopt reasonable positions supported by precedent, particularly over classification of computer-related items as part of computer systems eligible for accelerated rates. Such disputes are frequently unnecessary because accelerated early allowances are offset by lower later allowances under the written down value method, and the aggregate impact on revenue over an asset's deemed life is limited. The CBDT should direct officers to refrain from litigation when a reasonable, precedent-supported view favors the assessee, reducing needless disputes and recognizing rapid obsolescence of computer assets. en-us Tue, 25 Aug 2020 10:57:44 +0530 Tue, 25 Aug 2020 10:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9437 Revenue often contests depreciation claims even where assessees adopt reasonable positions supported by precedent, particularly over classification of computer-related items as part of computer systems eligible for accelerated rates. Such disputes are frequently unnecessary because accelerated early allowances are offset by lower later allowances under the written down value method, and the aggregate impact on revenue over an asset's deemed life is limited. The CBDT should direct officers to refrain from litigation when a reasonable, precedent-supported view favors the assessee, reducing needless disputes and recognizing rapid obsolescence of computer assets. Articles Income Tax Tue, 25 Aug 2020 10:57:44 +0530 https://www.taxtmi.com/article/detailed?id=9437