https://www.taxtmi.com/caselaws?id=291582 The High Court upheld the Tribunal's decision, allowing investment allowance and additional depreciation on computers used for data processing and printouts. The Court determined that computers and data processing machines qualify as plant and machinery, making the investment allowance available. Additionally, the Court clarified that the location of the equipment in office premises did not disqualify the assessee from claiming additional depreciation, as the office was used for industrial activities like data processing. The Court ruled in favor of the assessee, rejecting the Revenue's arguments and disposing of the reference without costs. en-us Tue, 22 Aug 2006 00:00:00 +0530 Wed, 18 Nov 2020 11:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291582 The High Court upheld the Tribunal's decision, allowing investment allowance and additional depreciation on computers used for data processing and printouts. The Court determined that computers and data processing machines qualify as plant and machinery, making the investment allowance available. Additionally, the Court clarified that the location of the equipment in office premises did not disqualify the assessee from claiming additional depreciation, as the office was used for industrial activities like data processing. The Court ruled in favor of the assessee, rejecting the Revenue's arguments and disposing of the reference without costs. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291582